Allen a M E Neighborhood Preservation and Development Corp

Analysis

Allen a M E Neighborhood Preservation and Development Corp is a registered charity in United States, based in Queens County Ne, NY. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2023, Allen a M E Neighborhood Preservation and Development Corp reported income of $215k and spending of $212k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $215k (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allen a M E Neighborhood Preservation and Development Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Public Media Women in Leadership Inc ($215k), National Association of Neighborhoods ($215k) and Roswell Womans Club Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (34% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.2m against liabilities of $787k, net assets of $430k. It reported 3 employees.