Arts, Culture & Humanities (A510) IRS Verified DX Registered 990 on File

DETROIT INSTITUTE OF ARTS

EIN: 38-1359510 · DETROIT, MI 48202-4008 · United States · FY 2023 Data

3 out of 5 50 / 100 Based on 2+ years of filings

Financial strength (30%) 66/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

The Detroit Institute of Arts strives to be the town square of our community, a gathering place for everybody and create experiences that help each visitor find personal meaning with the art, individually, and with each other.

Financial Overview — FY 2023

$71.2M

Total Revenue

$57.6M

Total Expenses

$558.5M

Net Assets

542

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 71.2%

Fundraising Efficiency 1876.9%

Operating Reserve 116.29x

Liability-to-Asset 2.8%

Revenue Diversification 76.7%

Executive Compensation $2.1M

Compared with Peers

FY 2023

Compared with 655 similar organizations (United States, Arts, Culture & Humanities, $10M–$100M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	71.2%	79.6%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	22.1%	13.1%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	6.7%	6.0%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	1876.9%	814.0%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	116.3 mo	28.2 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	2.8%	13.6%	P10P90	Top quarter
Revenue concentration Share of revenue from the largest source · lower is better	76.7%	72.1%	P10P90	Below median
Revenue growth Year over year revenue growth	-10.3%	-2.2%	P10P90
Expense growth Year over year expense growth	22.2%	12.7%	P10P90
Surplus margin Surplus as a share of revenue	19.1%	0.3%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$71.2M	$57.6M	$558.5M	71.2%	542
2022	$79.4M	$47.2M	$507.2M	71.2%	418
2021	$58.4M	$42.4M	N/A	—	432

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Organization Details

EIN: 38-1359510
State: MI
City: DETROIT
ZIP: 48202-4008
Classification: A510
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1927
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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