Neighborhood Stabilization Corporation

Analysis

Neighborhood Stabilization Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1997, 29 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 2023, Neighborhood Stabilization Corporation reported income of $6.0m and spending of $7.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $6.0m (+158%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 121%. Over the whole period it spent 218% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Stabilization Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Seashare ($6.0m), Salesmanship Club Foundation ($6.0m) and Community Learning Center Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 2.5% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $27.7m against liabilities of $68.8m, net assets of -$41.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.