Habitat for Neighborhood Business

Analysis

Habitat for Neighborhood Business is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2007, 19 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, Habitat for Neighborhood Business reported income of $162k and spending of $224k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $235k to $162k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Habitat for Neighborhood Business sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within MO. Charities of a similar size with the same main cause include New Hampshire Alliance of Regional Development Corporations Inc ($162k), Mac Davis Museum and Academy of Songwriting Inc ($162k) and Grace Community Development Corporation of Florida ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 46% of the total. At year end it held assets of $1.6m against liabilities of $37k, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.