Northside Institutions Neighborhood Alliance Inc

Analysis

Northside Institutions Neighborhood Alliance Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2003, 23 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, Northside Institutions Neighborhood Alliance Inc reported income of $1.6m and spending of $424k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $752k to $1.6m (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northside Institutions Neighborhood Alliance Inc 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 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Evansville Electrical Joint Apprent and Training Committee ($1.6m), Lake Street Council ($1.6m) and Community Building Institute Middletown ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $357k. At year end it held assets of $1.6m against liabilities of $50k, net assets of $1.5m. It reported 3 employees.