60
Invest Detroit Foundation
Community Development · Detroit, Michigan
950 Selden St Ste 360, Detroit, MI 48201-2234
EIN: 271927369· Founded: Oct 2010· 16 years active· Filing Year: 2023
Annual Revenue
$29.6M
Total Expenses
$14.3M
Total Assets
$186.5M
Program Spending
39%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$915K
6.4% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$6.2M
Total Payroll
$7.2M
50% of total expenses
Where the Money Goes
39%
Programs: 39%
Payroll: 50%
Other overhead: 61%
Program Revenue$5.6M (19%)
Total Expenses$14.3M (48%)
Payroll$7.2M (50%)
Overhead (non-program)61%
Trust Score Breakdown
Program Spending Ratio
39% of expenses go to programs
Revenue & Stability
$29.6M annual revenue
Executive Compensation
$915K total officer comp (6.4% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$186.5M in assets
Similar Community Development Nonprofits in Michigan
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.