Nehemiah Economic Development Inc

Analysis

Nehemiah Economic Development Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 (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, Nehemiah Economic Development Inc reported income of $141k and spending of $87k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $141k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nehemiah Economic Development Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include The St Margaret Willow Plaza Neighborhood Revitalization Zone ($141k), Hope for People Ministries ($142k) and Unite a Nation Inc ($141k).

At year end it held assets of $523k against liabilities of $12k, net assets of $510k.