New City Neighbors

Analysis

New City Neighbors is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, New City Neighbors reported income of $702k and spending of $624k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $702k (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New City Neighbors sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Reading Ready Pittsburgh ($702k), San Mateo Police Activities League ($703k) and Summit Grove Christian Conference Center Inc ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $318k. At year end it held assets of $833k against liabilities of $159k, net assets of $674k. It reported 39 employees.