Invest Detroit Foundation
950 Selden St Ste 360, Detroit, MI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $32,419,547 | $22,165,504 | $144,471,919 |
| FY2023 | $29,564,845 | $14,291,075 | $136,365,387 |
| FY2022 | $24,220,233 | $16,790,775 | $121,110,056 |
| FY2021 | $12,808,930 | $21,728,487 | $119,376,930 |
| FY2020 | $36,635,285 | $12,609,786 | $124,273,191 |
| FY2019 | $37,493,842 | $16,609,784 | $86,468,934 |
| FY2018 | $21,050,521 | $10,564,484 | $67,397,451 |
| FY2017 | $14,953,126 | $7,545,062 | $59,702,089 |
| FY2016 | $12,438,864 | $5,167,283 | $50,983,467 |
| FY2015 | $4,695,884 | $5,297,442 | $41,200,596 |
| FY2014 | $21,196,273 | $5,681,256 | $41,740,723 |
| FY2013 | $5,646,128 | $1,358,512 | $26,224,266 |
| FY2012 | $3,214,992 | $3,217,439 | $21,959,936 |
| FY2011 | $3,158,400 | $4,730,878 | $21,962,383 |
Form 990 filings
The returns filed by Invest Detroit Foundation (EIN 27-1927369), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $23,956,993 | 74% |
| Program service revenue | $6,447,619 | 20% |
| Other revenue | $2,014,935 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $17,209,196 | 78% |
| Management & general | $4,956,308 | 22% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 74% of total revenue in FY2024.
- Program services accounted for 78% of functional expenses, management & general 22%, and fundraising 0%.
- 78% of functional expenses went to program services in FY2024. That is higher than 18.5% of 480 Community Improvement & Capacity Building organizations nationwide (too few in MI for a state comparison).
- Net assets covered about 78.2 months of expenses at the end of the reporting year. That puts it in the 85th percentile among 670 Community Improvement & Capacity Building organizations in MI.
- Total revenue was higher than 99.6% of 683 Community Improvement & Capacity Building organizations in MI.
- Total revenue rose from $3,158,400 in FY2011 to $32,419,547 in FY2024. Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2011, FY2012, FY2015, FY2021).
- The highest revenue on record here is $37,493,842 in FY2019.
- Net assets grew from $21,962,383 to $144,471,919 between FY2011 and FY2024.
- Contributions and grants made up 80% of revenue in FY2011 and 74% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE IDF LOAN PROGRAMS PROVIDE FUNDING, GENERALLY IN THE FORM OF LOANS, TO QUALIFIED APPLICANTS TO ENCOURAGE REVITALIZATION AND DEVELOPMENT.
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S30 — Community Improvement & Capacity Building |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
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- National Center for Manufacturing Sciences — Ann Arbor, MI · $568,204,237
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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