Neighborhood Falmouth Inc

Analysis

Neighborhood Falmouth Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in January 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neighborhood Falmouth Inc reported income of $265k and spending of $260k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $265k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Falmouth Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Iron Workers Local 60 Education & Training Fund ($265k), Bancroft Neighborhood Association ($265k) and Bates Community Development Corporation ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $55k (21% of expenses). Other salaries and wages came to $103k. At year end it held assets of $359k against liabilities of $0, net assets of $359k. It reported 8 employees.