North Corktown Neighborhood Association

Analysis

North Corktown Neighborhood Association is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2015, 11 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 Corktown Neighborhood Association reported income of $666k and spending of $152k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $666k (+267%), an average of +267% a year. The sharpest change came in the year to December 2023, when income rose by 267%. Over the whole period it spent 21% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Corktown Neighborhood Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include P30 Inc ($665k), Creative Visions ($666k) and Nocomo Industries Inc ($665k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $866k against liabilities of $107k, net assets of $759k.