DETROIT ECONOMIC GROWTH CORPORATION
Pub 78

DETROIT ECONOMIC GROWTH CORPORATION
Pub 78

Detroit, MI, US
501(c)
EIN
38-2192028

DETROIT ECONOMIC GROWTH CORPORATION
Pub 78

Detroit, MI, US
501(c)
EIN
38-2192028

Overview

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Est.

1978

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Detroit Economic Growth Corporation (EIN: 38-2192028) is a nonprofit organization dedicated to promoting economic growth in the city of Detroit. With an operating budget of $10.4 million and total revenue of $10.5 million for the 2025 filing year, the organization plays a significant role in the local economy. Notably, it has received substantial funding from an unidentified source, amounting to $37.7 million, indicating a reliance on a single funder for a significant portion of its revenue. For more information, visit www.degc.org.

Mission Statement

PROMOTE ECONOMIC GROWTH IN THE CITY OF DETROIT
Revenues

$10.5M

Expenses

$10.4M

Net Income:
+$36.2K
Assets

$7.8M

Liabilities

$867.7K

Net Assets:
+$6.9M
Operating Budget

$10.4M

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
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

2

Median grant size
$125K
Largest grant received
$200K
K
Kevin Johnson
Board Member
K
Kelly Shovan
Board Member
M
Mohamad Hammoud
Board Member

Frequently Asked Questions

What is DETROIT ECONOMIC GROWTH CORPORATION’s budget?
In 2025, DETROIT ECONOMIC GROWTH CORPORATION reported an annual operating budget of around $10.4 million. More detailed financial information is available to registered users.
What causes does DETROIT ECONOMIC GROWTH CORPORATION support?
DETROIT ECONOMIC GROWTH CORPORATION supports work in Economic development.
Where does DETROIT ECONOMIC GROWTH CORPORATION operate?
DETROIT ECONOMIC GROWTH CORPORATION is headquartered in Detroit, MI.
Who funded DETROIT ECONOMIC GROWTH CORPORATION recently?
In 2021, DETROIT ECONOMIC GROWTH CORPORATION received grants from DETROIT ECONOMIC GROWTH ASSOCIATION, DETROIT ECONOMIC GROWTH ASSOCIATION, and DETROIT ECONOMIC GROWTH ASSOCIATION. More information on this organization’s funders is available to registered users.
What is the largest grant DETROIT ECONOMIC GROWTH CORPORATION received in 2021?
The largest grant to DETROIT ECONOMIC GROWTH CORPORATION in 2021 exceeds $200 thousand.
Overview
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