DETROIT PROMISE ZONE
DETROIT,
Michigan,
48202
EIN: 84-3475243
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
3031 W GRAND BLVD STE 525
48202
COUNTY
wayne county, MI
ORGANIZATIONAL OVERVIEW & RANKINGS
DETROIT PROMISE ZONE is a based in DETROIT, MI, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in August 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,684,715.00, this ranks 165,198 among 2,656,690 nonprofits nationally (Top 7%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 4,347 out of 79,991 organizations in MI (Top 6%).
In wayne county, MI, the organization ranks 766 out of 13,625 nonprofits by assets (Top 6%), while locally in detroit, it stands at 485 among 6,749 organizations (Top 8%).
The organization reported annual revenue of $4,492,652.00, ranking 51,748 nationally (Top 2%) and 1,423 in MI (Top 2%).
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, DETROIT PROMISE ZONE ranks 1,108 in assets (Top 7%) and 274 in revenue (Top 2%).
Note: This organization's tax-exempt status was temporarily revoked on November 15, 2022 .
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Tuesday, November 15, 2022;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
06/2024
ACCOUNTING PERIOD
06
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$4,492,652.00
FORM 990 REVENUE AMOUNT
$4,492,652.00
RULING DATE
08/2023
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,684,715.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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