Center City Neighborhood Development Corporation

Analysis

Center City Neighborhood Development Corporation is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Center City Neighborhood Development Corporation reported income of $395k and spending of $541k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $787k to $395k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center City Neighborhood Development Corporation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Parent Booster USA Inc ($394k), Habitat for Humanity International Inc ($395k) and Musical Masterworks Inc C/O Jem ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Other salaries and wages came to $169k. At year end it held assets of $1.1m against liabilities of $144k, net assets of $933k. It reported 4 employees.