Midtown and East Phillips Neighborhood Association Inc

Analysis

Midtown and East Phillips Neighborhood Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2007, 19 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, Midtown and East Phillips Neighborhood Association Inc reported income of $76k and spending of $180k, spending 238% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $376k to $76k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown and East Phillips Neighborhood Association Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Second District Neighborhood Planning Council ($76k), Redneck Culinary Academy ($76k) and Sasquanaug Association for Southport Improvement Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Other salaries and wages came to $16k. At year end it held assets of $44k against liabilities of $0, net assets of $44k. It reported 3 employees.