Westside Neighborhood Development Corporation

Analysis

Westside Neighborhood Development Corporation is a registered charity in United States, based in Munroe Falls, OH. It received its IRS tax-exemption ruling in March 1990, 36 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, Westside Neighborhood Development Corporation reported income of $116k and spending of $101k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $116k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westside Neighborhood Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include South Euclid Community Urban Redevelopment Corporation ($116k), Glenwood Lakes Area Welcome Center ($116k) and Kiwanis Club of Atascadero Foundation ($116k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $575k against liabilities of $49k, net assets of $526k.