Neighborhood Development Corporation of Akron

Analysis

Neighborhood Development Corporation of Akron is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in June 1971, 55 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, Neighborhood Development Corporation of Akron reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.5m (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Development Corporation of Akron 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 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Affordable Community Living Corporation ($4.5m), Orinda Senior Village Inc ($4.5m) and Ingersoll Adult Home Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 71% of the total. Other salaries and wages came to $314k. At year end it held assets of $20.6m against liabilities of $18.4m, net assets of $2.2m.