Healthy Neighborhood Enterprises

Analysis

Healthy Neighborhood Enterprises is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 2014, 12 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, Healthy Neighborhood Enterprises reported income of $200k and spending of $108k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $127k to $200k (+58%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 120393%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Healthy Neighborhood Enterprises sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within VA. Charities of a similar size with the same main cause include Crescent Collaborative ($200k), Magnolia Better Together ($200k) and Community Connections ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (60% of expenses). At year end it held assets of $287k against liabilities of $0, net assets of $287k. It reported 1 employees.