Cedar Riverside Neighborhood Revitalization Program

Analysis

Cedar Riverside Neighborhood Revitalization Program is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2011, 15 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, Cedar Riverside Neighborhood Revitalization Program reported income of $492k and spending of $497k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $258k to $492k (+91%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cedar Riverside Neighborhood Revitalization Program sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Specialized Employment Services Inc ($492k), Brodys Be Cafe LLC ($492k) and The Knights Community Hospital Equipment Lend Program Services ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $73k (15% of expenses). Other salaries and wages came to $290k. At year end it held assets of $14k against liabilities of $25k, net assets of -$11k. It reported 2 employees.