Neighborhood Improvement Development Corporation Inc

Analysis

Neighborhood Improvement Development Corporation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Neighborhood Improvement Development Corporation Inc reported income of $195k and spending of $236k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $195k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Improvement Development Corporation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Pinnacle Resource Center ($195k), Statewide Bay Landing II Inc ($195k) and United Jewish Council-Bialystoker Synagogue HSNG Dev Fund Co Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. At year end it held assets of $4.2m against liabilities of $1.3m, net assets of $2.9m.

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.