Neighborhood Community Development Fund

Analysis

Neighborhood Community Development Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 2000, 26 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, Neighborhood Community Development Fund reported income of $5.2m and spending of $3.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $5.2m (+556%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Community Development Fund sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Neighboorhood Allies Inc ($5.2m), Delaware Technology Park Inc ($5.2m) and Enterprise Center ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $189k (5.9% of expenses). Other salaries and wages came to $711k. At year end it held assets of $23.2m against liabilities of $15.4m, net assets of $7.7m. It reported 13 employees.