Creston Neighborhood Association

Analysis

Creston Neighborhood Association is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 1979, 47 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 December 2023, Creston Neighborhood Association reported income of $201k and spending of $159k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $201k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Creston Neighborhood Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include River North Residents Association ($201k), Webb Squared ($201k) and Alliance Area Development Foundation ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $50k (31% of expenses). Other salaries and wages came to $39k. At year end it held assets of $206k against liabilities of $16k, net assets of $190k. It reported 4 employees.