Mary Rigg Neighborhood Center Incorporated

Analysis

Mary Rigg Neighborhood Center Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Mary Rigg Neighborhood Center Incorporated reported income of $2.4m and spending of $2.9m, spending 120% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.1m to $2.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to March 2021, when income rose by 151%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mary Rigg Neighborhood Center Incorporated sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include National Association of Farmers Market Nutrition Programs ($2.4m), Homestead Youth & Family Services Inc ($2.4m) and Open Arms Housing Inc ($2.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $160k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $13.6m against liabilities of $208k, net assets of $13.4m. It reported 54 employees.