Jamaica Plain Neighborhood Development Corporation

Analysis

Jamaica Plain Neighborhood Development Corporation is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in January 1979, 47 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, Jamaica Plain Neighborhood Development Corporation reported income of $10.0m and spending of $10.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $10.0m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jamaica Plain Neighborhood Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Initiative Foundation ($10.0m), Downtown Detroit Partnership Inc ($10.1m) and East Los Angeles Community Union ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $354k (3.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $25.6m against liabilities of $15.5m, net assets of $10.1m. It reported 38 employees.