Central Area Neighborhood Development Organization

Analysis

Central Area Neighborhood Development Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2004, 22 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, Central Area Neighborhood Development Organization reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $1.2m (+259%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Area Neighborhood Development Organization sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Blacks in Technology Foundation ($1.2m), Norwich Building Tomorrow Foundation Inc ($1.2m) and Greater Waco Collective Impact Initiative ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. Other salaries and wages came to $287k. At year end it held assets of $279k against liabilities of $62k, net assets of $218k. It reported 6 employees.