Neighborhood Recycling Corporation

Analysis

Neighborhood Recycling Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Neighborhood Recycling Corporation reported income of $22.7m and spending of $22.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.6m to $22.7m (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Neighborhood Recycling Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Forest Park Forever Inc ($22.5m), Guided Discoveries Inc ($22.7m) and Bonneville Environmental Foundation ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $537k (2.3% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $21.6m against liabilities of $15.8m, net assets of $5.8m. It reported 170 employees.