Neighborhood Reinvestment Corp

Analysis

Neighborhood Reinvestment Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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 September 2023, Neighborhood Reinvestment Corp reported income of $232.4m and spending of $220.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $172.6m to $232.4m (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Reinvestment Corp sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include New York Independent System Operator Inc ($230.4m), Lutheran Immigration and Refugee Service ($232.8m) and Citrus Health Network Inc ($228.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $1.9m (0.9% of expenses). Other salaries and wages came to $32.5m. At year end it held assets of $101.0m against liabilities of $80.7m, net assets of $20.3m. It reported 352 employees.