Neighborhood Development Alliance Inc

Analysis

Neighborhood Development Alliance Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1994, 32 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 June 2023, Neighborhood Development Alliance Inc reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.9m (+74%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Development Alliance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Drum-Desis Rising Up and Moving Inc ($1.9m), Greater Dayton Union Cooperative Initiative Inc ($1.9m) and New North Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $90k (5.4% of expenses). Other salaries and wages came to $422k. It paid $2,480 in professional fundraising fees. At year end it held assets of $11.7m against liabilities of $11.5m, net assets of $201k. It reported 10 employees.