Lyndale Neighborhood Association

Analysis

Lyndale Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1992, 34 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, Lyndale Neighborhood Association reported income of $436k and spending of $333k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $493k to $436k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lyndale Neighborhood Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Hola Ohio ($436k), Junior League of San Antonio Inc ($437k) and Faith Works Community Coalition ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $37k (11% of expenses). Other salaries and wages came to $154k. At year end it held assets of $562k against liabilities of $36k, net assets of $526k. It reported 11 employees.