East Isles Neighborhood Association

Analysis

East Isles Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Isles Neighborhood Association reported income of $57k and spending of $42k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $57k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Isles Neighborhood Association sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Southeast Washington Economic Development Association ($57k), Tarrytown Police Benevolent Association Inc ($57k) and Rotary Club of Warren Foundation ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. At year end it held assets of $45k against liabilities of $1,754, net assets of $43k.