United North East Community Development Corporation

Analysis

United North East Community Development Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 1997, 29 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, United North East Community Development Corporation reported income of $870k and spending of $1.2m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $477k to $870k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 313%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United North East Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include St Anthony Housing Inc ($870k), Evergreen Nonprofit Housing ($870k) and Evangeline Booth Friendship House Residence ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $322k. At year end it held assets of $2.9m against liabilities of $298k, net assets of $2.6m. It reported 6 employees.