Perfecting Holdings

Detroit, MIUnknown exempt organizationEIN 26-0338846

On file with the IRS7616 E Nevada St · Detroit, MI

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To own and manage an academy

Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $532K a year · 405% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
+100% vs prior year
Net assets
$0
By yearFY2020–FY2025
Revenue
$0
FY2025▲ +100%
Tap a bar for its year
Revenue by fiscal year
FY2020$945K
FY2021$930K
FY2022$213K
FY2023−$1.6M
FY2025$0
Expenses
—
FY2025
Tap a bar for its year
Expenses by fiscal year
FY2020$730K
FY2021$713K
FY2022$704K
FY2023$505K
FY2025Not on file
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.6M
FY2023$2K
FY2025$0

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See Perfecting Holdings executive salaries →

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Programs and updates

Perfecting Holdings is a nonprofit organization based in Detroit, MI.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

To own, remodel and manage a building used as a faith based christian academy.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $0$0 990 PDF
FY2024 Not on file
FY2023 −$1.6M$505K−$2.1M$2K 990 PDF
FY2022 $213K$704K−$491K$1.6M 990 PDF
FY2021 $930K$713K$217K$1.4M 990 PDF
FY2020 $945K$730K$215K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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