Webber-Camden Neighborhood Organization

Analysis

Webber-Camden Neighborhood Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2000, 26 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, Webber-Camden Neighborhood Organization reported income of $266k and spending of $224k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $266k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Webber-Camden Neighborhood Organization sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Kennett Collaborative Inc ($266k), Nihonmachi Street Fair Inc ($266k) and Alliance Community Foundation Supporting Organization ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $51k (23% of expenses). Other salaries and wages came to $42k. At year end it held assets of $94k against liabilities of $31k, net assets of $63k. It reported 5 employees.