Neighborhood Resource Center

Analysis

Neighborhood Resource Center is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Neighborhood Resource Center reported income of $720k and spending of $462k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $533k to $720k (+35%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Neighborhood Resource Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Genuwin Reign Softball ($720k), Chance Sports ($720k) and FC Charleston ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (20% of expenses). Other salaries and wages came to $137k. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.1m. It reported 11 employees.