Neighborhood Investment Corporation

Analysis

Neighborhood Investment Corporation is a registered charity in United States, based in Des Moines, IA. 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, Neighborhood Investment Corporation reported income of $299k and spending of $751k, spending 251% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $378k to $299k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 177% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Investment Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Polaris Team Inc ($299k), New York State Tenants & Neighbors Information Service Inc ($299k) and Council for Historic Downtown Issaquah ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $62k. At year end it held assets of $2.3m against liabilities of $194k, net assets of $2.1m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.