Better Community Neighborhoods Inc

Analysis

Better Community Neighborhoods Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in April 1969, 57 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 2023, Better Community Neighborhoods Inc reported income of $3.3m and spending of $3.4m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $3.3m (+142%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Better Community Neighborhoods Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Southeast Alaska Independent Living Inc ($3.3m), North Hollywood Senior Citizens Towers Inc ($3.3m) and Neighborhood Housing Services of Southern Nevada Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $254k (7.4% of expenses). Other salaries and wages came to $539k. At year end it held assets of $3.0m against liabilities of $2.2m, net assets of $740k. It reported 13 employees.