Bristol Neighborhood Development Corp

Analysis

Bristol Neighborhood Development Corp is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in September 2019, 7 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, Bristol Neighborhood Development Corp reported income of $269k and spending of $273k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $441k to $269k (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bristol Neighborhood Development Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Renewing Homes of Greater Augusta ($269k), Connectree ($269k) and Community Cycles of California Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $25k. At year end it held assets of $3.1m against liabilities of $504k, net assets of $2.6m. It reported 1 employees.