Neighborhood Association for Inter Cultural Affairs Inc

Analysis

Neighborhood Association for Inter Cultural Affairs Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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, Neighborhood Association for Inter Cultural Affairs Inc reported income of $115.9m and spending of $115.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.0m to $115.9m (+119%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Association for Inter Cultural Affairs Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Breakthrough Energy Foundation ($115.2m), Singing River Gulfport ($116.1m) and University of Toledo Physicians Clinical Facility Inc ($114.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $1.5m (1.3% of expenses). Other salaries and wages came to $27.0m. At year end it held assets of $117.3m against liabilities of $114.9m, net assets of $2.5m. It reported 862 employees.