Cannelton and Neighbors Development Organization Inc

Analysis

Cannelton and Neighbors Development Organization Inc is a registered charity in United States, based in Cannelton, IN. It received its IRS tax-exemption ruling in June 1977, 49 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, Cannelton and Neighbors Development Organization Inc reported income of $167k and spending of $175k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $167k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cannelton and Neighbors Development Organization Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Rebeccas Tent Inc ($167k), A I M Housing Inc ($167k) and San Diego Kind Corp ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $13k (7.7% of expenses). At year end it held assets of $975k against liabilities of $93k, net assets of $882k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.