Develop New Albany Inc TT

Analysis

Develop New Albany Inc TT is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in October 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Develop New Albany Inc TT reported income of $76k and spending of $53k, leaving 31% of income unspent that year. Across the 3 years on record, from June 2022 to December 2023, income fell from $107k to $76k (-29%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Develop New Albany Inc TT sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within IN. Charities of a similar size with the same main cause include H D C Inc ($76k), PTA Florida Congress ($76k) and PTA California Congress of Parents Teachers & Students Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 69% of the total. At year end it held assets of $184k against liabilities of $800, net assets of $183k.