Neighborhood Capital Funding Inc

Analysis

Neighborhood Capital Funding Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Neighborhood Capital Funding Inc reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $1.8m (+9.7%), an average of +2.4% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Capital Funding Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Dallas Eviction Advocacy Center ($1.8m), Villa Mercede Community Urban Redevelopment Corporation ($1.8m) and Winchester Union Rescue Mission Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $362k (20% of expenses). Other salaries and wages came to $416k. At year end it held assets of $17.4m against liabilities of $16.3m, net assets of $1.1m. It reported 14 employees.