Neighborhood Preservation Coalition of New York State Inc

Analysis

Neighborhood Preservation Coalition of New York State Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1994, 32 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, Neighborhood Preservation Coalition of New York State Inc reported income of $351k and spending of $339k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $351k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Preservation Coalition of New York State Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Public-Private Development Corporation PPDC ($350k), Greater Cumberland Committee Inc ($351k) and Mark Terk Charitable Foundation ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $89k (26% of expenses). Other salaries and wages came to $115k. At year end it held assets of $235k against liabilities of $16k, net assets of $220k. It reported 4 employees.