Prospect Heights Neighborhood Development Council

Analysis

Prospect Heights Neighborhood Development Council is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2005, 21 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 June 2023, Prospect Heights Neighborhood Development Council reported income of $188k and spending of $222k, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $180k to $188k (+4.2%), an average of +4.2% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prospect Heights Neighborhood Development Council sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Rising Hope for Change Inc ($188k), Sitka Economic Development Association Inc ($188k) and Blacquity SC ($188k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $120k against liabilities of $30k, net assets of $90k.