MIDTOWN DETROIT INC

DETROIT, MI, 48201-2506 (313) 420-6000 Est. 1976 EIN 45-4582324

S31 - Urban & Community Economic Development 990 - Public charity return 501(c)(3)

www.midtowndetroitinc.org

Mission

A NON-PROFIT ORGANIZATION DEDICATED TO REDEVELOP, REVITALIZE AND RENEW THE MIDTOWN DISTRICT OF DETROIT AS A STRONG URBAN COMMUNITY

Giving Portfolio

Total Grants

2

Total Giving

$1.6M

Recipients

2

Years Active

2018 - 2019

Avg grant: $818,726 Median: $818,726

Yearly Trends

Year	Grants	Total Giving	Avg Grant	New	Repeat
2019	1	$1.1M	$1.1M	0	1
2018	1	$583K	$583K	1	0

Top States

Michigan

2

Grantee Size Profile

Under $100K

2

Top Grantees

NEW CENTER FOUNDATION

MI - 2 grants

$1.6M

Grants Awarded · 2 grants

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Financials

Total Revenue

$5,388,519

Total Expenses

$5,259,824

Net Assets

$9,737,881

7 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

22.2 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 37.9%

Expenses ↓ 11.5%

Revenue Sources

Contributions 80.0% Earned revenue 11.3% Investment 4.0% Other 5.0%

Expense Breakdown

Program 42.9% Management 57.1%

Officers & Trustees (47)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$5,388,519 ↓	$5,259,824	$9,737,881
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$8,677,582 ↑	$5,942,945	$7,315,079
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$6,472,343 ↑	$5,572,922	$4,738,382
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$6,273,249 ↑	$6,498,982	$4,088,652
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$5,860,466 ↑	$6,498,607	$4,345,086
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$5,106,739	$4,792,545	$4,158,835