Overview

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Est.

1978

Latest Fiscal Year

Not available

Organization Type

Grantseeker

990s

990 file icon
2025
990 file icon
2024
990 file icon
2023
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AI Summary

DETROIT ECONOMIC GROWTH CORPORATION is a Detroit-based economic development nonprofit whose mission is to promote economic growth in the city of Detroit. In filing year 2025, it reported an operating budget of $10.4M and total revenue of $10.5M, with DETROIT ECONOMIC GROWTH ASSOCIATION listed as its top funder at $3.4M.

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Mission Statement

PROMOTE ECONOMIC GROWTH IN THE CITY OF DETROIT

Cause Areas

1
Economic development
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Financials

2025
Revenues
$10.5M
Expenses
$10.4M
Net Income:
+$36.2K
Assets
$7.8M
Liabilities
$867.7K
Net Assets:
+$6.9M

Financial Trends

2025
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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Top Funders

Funder
Total Funding
Funding Share
DETROIT ECONOMIC GROWTH ASSOCIATION
Detroit, MI, US
$3.4M
9%

Grants Received

2021
Total No. of Grants
2
Median grant size
$125K
Largest grant received
$200K

Board & Team

K
Kevin Johnson
Board Member
K
Kelly Shovan
Board Member
M
Mohamad Hammoud
Board Member
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  • 1 funders
  • 154 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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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.