North of Market Tenderloin Community Benefit Corporation

Analysis

North of Market Tenderloin Community Benefit Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2006, 20 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 June 2023, North of Market Tenderloin Community Benefit Corporation reported income of $6.4m and spending of $6.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $6.4m (+176%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 84%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North of Market Tenderloin Community Benefit Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Spectrum Designs Foundation Ltd ($6.4m), Taylor Economic Development ($6.4m) and Workabilities Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $275k (4.3% of expenses). Other salaries and wages came to $1.8m. It paid $111k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $400k, net assets of $1.7m. It reported 84 employees.