Invest in Neighborhoods Inc

Analysis

Invest in Neighborhoods Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 1982, 44 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 June 2023, Invest in Neighborhoods Inc reported income of $688k and spending of $869k, spending 126% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $175k to $688k (+293%), an average of +98% a year. The sharpest change came in the year to June 2022, when income rose by 802%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Invest in Neighborhoods Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Cdfi Friendly South Bend ($687k), Fusion-Community Center of North Jersey ($688k) and Pine Banks Park Foundation ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $61k (7.0% of expenses). At year end it held assets of $146k against liabilities of $8,999, net assets of $137k.