Hamilton County Area Neighborhood Development Inc

Analysis

Hamilton County Area Neighborhood Development Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in December 2003, 23 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, Hamilton County Area Neighborhood Development Inc reported income of $3.5m and spending of $2.0m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $952k to $3.5m (+267%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hamilton County Area Neighborhood Development Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Golden Age Towers Inc ($3.5m), Augusta Affordable Housingcorporation ($3.5m) and Neighborhood Service Center Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Other salaries and wages came to $439k. At year end it held assets of $17.9m against liabilities of $3.0m, net assets of $14.9m. It reported 3 employees.