Youngstown Neighborhood Development Corporation

Analysis

Youngstown Neighborhood Development Corporation is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in April 2010, 16 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, Youngstown Neighborhood Development Corporation reported income of $6.7m and spending of $5.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $6.7m (+99%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Youngstown Neighborhood Development Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Pines Village Retirement Communities Inc ($6.7m), Hope Community Inc ($6.7m) and Volunteers of Victoria Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $146k (2.5% of expenses). Other salaries and wages came to $989k. At year end it held assets of $7.8m against liabilities of $761k, net assets of $7.1m. It reported 31 employees.