North Loop Neighborhood Association

Analysis

North Loop Neighborhood Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 2002, 24 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, North Loop Neighborhood Association reported income of $54k and spending of $67k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $54k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Loop Neighborhood 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 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include The Hudson Valley Center for Innovation Inc ($54k), Korean American Garment Ind Assoc ($54k) and Genesee Valley Quilt Club Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $118k against liabilities of $2,452, net assets of $116k.