Area Neighborhood Service Center Inc

Analysis

Area Neighborhood Service Center Inc is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in November 1983, 43 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, Area Neighborhood Service Center Inc reported income of $639k and spending of $536k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $639k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Area Neighborhood Service Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Candlelighters for Children with Cancer ($639k), Young Roots Oregon ($639k) and Shelter Providers of Sacramento Inc ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $32k (6.0% of expenses). Other salaries and wages came to $146k. At year end it held assets of $765k against liabilities of $310k, net assets of $454k. It reported 17 employees.