Overview

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Est.

1972

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Accounting Aid Society is a nonprofit organization focused on supporting individuals, families, and small businesses in Detroit and Southeastern Michigan. With an operating budget of $4 million and total revenue of $3.8 million for the 2024 filing year, the organization provides essential services including free tax preparation, small business financial assistance, financial coaching, and workforce training. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its mission. For more information, visit www.accountingaidsociety.org.

Mission Statement

Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training.
Revenues
$3.8M
Expenses
$4M
Net Income:
-$190.2K
Assets
$3M
Liabilities
$994.8K
Net Assets:
+$2M
Operating Budget
$4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
25
Median grant size
$25K
Largest grant received
$341K
P
Priscilla Perkins
Board Member
G
Gregory a Nowak
Board Member
J
John Anstett
Board Member

Frequently Asked Questions

What is Accounting Aid Society’s budget?
In 2024, Accounting Aid Society reported an annual operating budget of around $4 million. More detailed financial information is available to registered users.
What causes does Accounting Aid Society support?
Accounting Aid Society supports work in Nonprofits.
Where does Accounting Aid Society operate?
Accounting Aid Society is headquartered in Detroit, MI.
Who funded Accounting Aid Society recently?
In 2025, Accounting Aid Society received grants from COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN, CHARITIES AID FOUNDATION AMERICA, and FORD PHILANTHROPY. More information on this organization’s funders is available to registered users.
What is the largest grant Accounting Aid Society received in 2024?
The largest grant to Accounting Aid Society in 2024 exceeds $341 thousand.
What is Accounting Aid Society’s reliance on government grants?
Accounting Aid Society relied on government grants for more than 40% of their total revenue in 2024.