Hampton-Newport News Community Services Board Property Company

Analysis

Hampton-Newport News Community Services Board Property Company is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in August 1994, 32 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hampton-Newport News Community Services Board Property Company reported income of $1.8m and spending of $1.3m, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.8m (-0.2%), an average of -0.1% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hampton-Newport News Community Services Board Property Company 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 85th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Digital Bridge Inc ($1.8m), Georgia Corporation for Economic Development ($1.8m) and Custom Collaborative ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $20.2m against liabilities of $10.9m, net assets of $9.3m.