Nehemiah Community Development Corporation

Analysis

Nehemiah Community Development Corporation is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 1993, 33 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 2023, Nehemiah Community Development Corporation reported income of $1.6m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.6m (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nehemiah Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Vision Ed Inc ($1.6m), Burlington West Burlington Area Development Foundation ($1.6m) and How to Build Up Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $125k (7.2% of expenses). Other salaries and wages came to $942k. At year end it held assets of $3.0m against liabilities of $104k, net assets of $2.9m. It reported 40 employees.