Seward Neighborhood Group

Analysis

Seward Neighborhood Group is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seward Neighborhood Group reported income of $274k and spending of $219k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $274k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Seward Neighborhood Group sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include St Paul School Educational Foundation ($274k), Alta Good Deeds Foundation ($275k) and Cross Community Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $155k (71% of expenses). At year end it held assets of $536k against liabilities of $46k, net assets of $489k. It reported 3 employees.