Downtown Minneapolis Neighborhood Association Inc

Analysis

Downtown Minneapolis Neighborhood Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1996, 30 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, Downtown Minneapolis Neighborhood Association Inc reported income of $105k and spending of $195k, spending 186% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $250k to $105k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. 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, Downtown Minneapolis Neighborhood Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Jefferson County Tourism Commission ($105k), Cleveland Development Foundation ($105k) and Loving Hands Community Development Corporation ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.