Northeast Neighborhood Partners Inc

Analysis

Northeast Neighborhood Partners Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 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, Northeast Neighborhood Partners Inc reported income of $287k and spending of $893k, spending 312% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $287k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 2151%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeast Neighborhood Partners Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Sheet Metal Workers Local 15 Joint Apprenticeship Training Committee ($287k), West Contra Costa Business Development Center ($287k) and Windsor Improvement Corporation ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $73k (8.2% of expenses). Other salaries and wages came to $205k. At year end it held assets of $5.3m against liabilities of $3.3m, net assets of $1.9m. It reported 4 employees.