Northwest Bronx Community and Clergy Coalition Inc

Analysis

Northwest Bronx Community and Clergy Coalition Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 1975, 51 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, Northwest Bronx Community and Clergy Coalition Inc reported income of $6.4m and spending of $6.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.4m (+71%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Bronx Community and Clergy Coalition Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Norwich Community Development Corporation Inc ($6.4m), Hilltown Community Development ($6.4m) and Madison Development Corporation ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $154k (2.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.4m against liabilities of $2.4m, net assets of $5.0m. It reported 29 employees.