NEW CENTER FOUNDATION

DETROIT, MI, 48201-2506 (313) 420-6000 Est. 1967 EIN 38-2271575

990 - Public charity return 501(c)(3)

Mission

A NON-PROFIT ORGANIZATION DEDICATED TO REDEVELOP, REVITALIZE AND RENEW THE NEW CENTER AREA OF DETROIT AS A 24 HOUR, MULTI ACTIVITY COMMUNITY.

Total Revenue

$-24,194

Total Expenses

$196,928

Net Assets

$2,324,717

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

Operating Reserve

10+ years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 108.0%

Expenses ↑ 22.9%

Expense Breakdown

Program 100.0%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$-24,194 ↓	$196,928	$2,324,717
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$-11,632 ↑	$160,182	$3,206,600
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$-17,386 ↓	$203,787	$2,590,134
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$14,676 ↓	$203,599	$3,113,663
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$583,356	$105,997	$2,189,366