Hagerstown Neighborhood Development Partnership Inc

Analysis

Hagerstown Neighborhood Development Partnership Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hagerstown Neighborhood Development Partnership Inc reported income of $139k and spending of $173k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $210k to $139k (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hagerstown Neighborhood Development Partnership Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Volunteers of America Inc ($139k), Villa Licci ($139k) and Doors 2 Success ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $70k (41% of expenses). Other salaries and wages came to $40k. At year end it held assets of $338k against liabilities of $4,483, net assets of $334k. It reported 5 employees.