Fulton Neighborhood Association C/O Jerry Smrekar

Analysis

Fulton Neighborhood Association C/O Jerry Smrekar is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1997, 29 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 September 2024, Fulton Neighborhood Association C/O Jerry Smrekar reported income of $65k and spending of $44k, leaving 33% of income unspent that year. Across the 3 years on record, from September 2022 to September 2024, income grew from $50k to $65k (+32%), an average of +15% a year. The sharpest change came in the year to September 2024, when income rose by 108%. 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, Fulton Neighborhood Association C/O Jerry Smrekar sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within MN. Charities of a similar size with the same main cause include Networking Plus Inc ($65k), Municipal Board of Examiners Inc of Polk County ($65k) and Whitney Barns Group ($65k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 82% and program service revenue 0.9% of the total. At year end it held assets of $135k against liabilities of $9,401, net assets of $126k.