Neighborhood Center Inc

Analysis

Neighborhood Center Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Center Inc reported income of $17.8m and spending of $18.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $17.8m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Early Learning Neighborhood Collaborative ($17.8m), Youth for Change ($17.8m) and Young Mens Christian Association of Greater Nashua ($17.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $165k (0.9% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $18.6m against liabilities of $12.0m, net assets of $6.6m. It reported 346 employees.