Norris Square Neighborhood Project

Analysis

Norris Square Neighborhood Project is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1978, 48 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 June 2023, Norris Square Neighborhood Project reported income of $1.2m and spending of $753k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $1.2m (+430%), an average of +52% a year. The sharpest change came in the year to June 2020, when income rose by 191%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norris Square Neighborhood Project sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Employment and Training Association of Dane County Inc Work Experience ($1.2m), Maldef Property Management Corp ($1.2m) and Community Foundation for Rockbridge Bath and Alleghany ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Other salaries and wages came to $357k. At year end it held assets of $1.5m against liabilities of $67k, net assets of $1.4m. It reported 9 employees.