Southeast Neighborhood Development Inc

Analysis

Southeast Neighborhood Development Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1983, 43 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 2022, Southeast Neighborhood Development Inc reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $514k to $2.5m (+386%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 146%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southeast Neighborhood Development Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Community Matters ($2.5m), Association of School Business Officials International ($2.5m) and Potlikker Capital ($2.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $92k (3.8% of expenses). Other salaries and wages came to $253k. At year end it held assets of $5.6m against liabilities of $1.5m, net assets of $4.1m. It reported 10 employees.