Elliot Park Neighborhood Inc

Analysis

Elliot Park Neighborhood Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1978, 48 years ago. 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, Elliot Park Neighborhood Inc reported income of $110k and spending of $121k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $165k to $110k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elliot Park Neighborhood Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($110k), VZCM Inc ($110k) and Webster Groves Historical Society ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $61k. At year end it held assets of $242k against liabilities of $1,171, net assets of $241k. It reported 3 employees.