Grove Hall Neighborhood Development Corporation

Analysis

Grove Hall Neighborhood Development Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in April 2024, 2 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Grove Hall Neighborhood Development Corporation reported income of $526k and spending of $344k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2018 to December 2022, income grew from $388k to $526k (+35%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 41% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grove Hall Neighborhood Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Wabash Economic Growth Alliance Inc ($525k), Puyallup Main Street Association ($526k) and Greater Maitland Civic Center ($525k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 56% of the total. Other salaries and wages came to $75k. At year end it held assets of $11.7m against liabilities of $8.0m, net assets of $3.7m. It reported 1 employees.