Overview

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Est.

1922

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Detroit Downtown Inc is a nonprofit organization focused on business promotion with the mission of providing a clean, safe, and beautiful downtown environment in Detroit, Michigan. With an operating budget of $5.9 million and total revenue of $6 million for the 2024 filing year, the organization plays a vital role in enhancing the urban landscape. It does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.downtowndetroit.org.

Mission Statement

THE PRIMARY PURPOSE IS TO PROVIDE A CLEAN, SAFE AND BEAUTIFUL DOWNTOWN.
Revenues
$6M
Expenses
$5.9M
Net Income:
+$79.9K
Assets
$2.4M
Liabilities
$1.8M
Net Assets:
+$582K
Operating Budget
$5.9M
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
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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C
Christopher Ilitch
Board Member
E
Eric B Larson
Board Member
D
Dan Gilbert
Board Member

Frequently Asked Questions

What is DETROIT DOWNTOWN INC’s budget?
In 2024, DETROIT DOWNTOWN INC reported an annual operating budget of around $5.9 million. More detailed financial information is available to registered users.
What causes does DETROIT DOWNTOWN INC support?
DETROIT DOWNTOWN INC supports work in Business promotion.
Where does DETROIT DOWNTOWN INC operate?
DETROIT DOWNTOWN INC is headquartered in Detroit, MI.