New Albany Urban Enterprise Zone

Analysis

New Albany Urban Enterprise Zone is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in October 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, New Albany Urban Enterprise Zone reported income of $224k and spending of $104k, leaving 53% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $171k to $224k (+31%), an average of +9.4% a year. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Albany Urban Enterprise Zone sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Greater Washington ($224k), The Mill District Inc ($224k) and Reach Womens Network ($224k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $438k against liabilities of $0, net assets of $438k.