The St Margaret Willow Plaza Neighborhood Revitalization Zone

Analysis

The St Margaret Willow Plaza Neighborhood Revitalization Zone is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in September 2003, 23 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, The St Margaret Willow Plaza Neighborhood Revitalization Zone reported income of $141k and spending of $140k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $141k (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The St Margaret Willow Plaza Neighborhood Revitalization Zone sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Unite a Nation Inc ($141k), Nehemiah Economic Development Inc ($141k) and Development Research Corporation ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 7 employees.