Near Northwest Neighborhood Inc

Analysis

Near Northwest Neighborhood Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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, Near Northwest Neighborhood Inc reported income of $1.5m and spending of $794k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $490k to $1.5m (+205%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Near Northwest Neighborhood 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 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Colonia Barrios Seniors Inc ($1.5m), Play Mountain Place ($1.5m) and Lutherans for Life ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $70k (8.8% of expenses). Other salaries and wages came to $179k. At year end it held assets of $3.3m against liabilities of $924k, net assets of $2.4m. It reported 5 employees.