NYC Neighborhood Capital Corporation

Analysis

NYC Neighborhood Capital Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, NYC Neighborhood Capital Corporation reported income of $1.7m and spending of $432k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $645k to $1.7m (+156%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 109%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NYC Neighborhood Capital Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include New Garden Park Inc ($1.7m), The Vocation Depot Inc ($1.7m) and Henderson Settlement Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $6.3m against liabilities of $173k, net assets of $6.1m.