Near Westside Neighborhood Association Inc

Analysis

Near Westside Neighborhood Association Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in February 1980, 46 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 November 2023, Near Westside Neighborhood Association Inc reported income of $245k and spending of $167k, leaving 32% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income fell from $387k to $245k (-37%), an average of -11% a year. The sharpest change came in the year to November 2020, when income dropped by 46%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Near Westside Neighborhood Association Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Rotary Foundation of Cincinnati ($245k), Pennsylvania State Association of County Fairs ($245k) and Vilas County Economic Development Corporation Inc ($245k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 90% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $24k (14% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $173k, net assets of $1.0m. It reported 2 employees.