Midtown Phillips Neighborhood Association Inc

Analysis

Midtown Phillips Neighborhood Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midtown Phillips Neighborhood Association Inc reported income of $75k and spending of $73k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $75k (-5.2%), an average of -5.2% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Phillips Neighborhood Association Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Eckhart Library Foundation Inc ($75k), Rotary Club of the Classic City of Athens Inc ($75k) and Construct Tomorrow ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $18k, net assets of -$2,466.