Lower Northeast Neighborhoods Association

Analysis

Lower Northeast Neighborhoods Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lower Northeast Neighborhoods Association reported income of $63k and spending of $63k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $63k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lower Northeast Neighborhoods Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Trax Equestrian Center Inc ($63k), Lovejoy Community Services Inc ($63k) and Independence House ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $10k, net assets of $5,740.