Northside Residents Redevelopment Council Inc

Analysis

Northside Residents Redevelopment Council Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2021, 5 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, Northside Residents Redevelopment Council Inc reported income of $1.1m and spending of $1.4m, spending 126% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $243k to $1.1m (+346%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northside Residents Redevelopment Council Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Innocence Project of Texas ($1.1m), Taller Comunidad LA Goyco Inc ($1.1m) and Tennessee Association of Business Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $89k (6.5% of expenses). Other salaries and wages came to $46k. It paid $299 in professional fundraising fees. At year end it held assets of $548k against liabilities of $71k, net assets of $478k. It reported 3 employees.