Nia Community Development Corporation of Greater Richmond

Analysis

Nia Community Development Corporation of Greater Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2023, 3 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, Nia Community Development Corporation of Greater Richmond reported income of $172k and spending of $150k, spending 87% of its income. Across the 5 years on record, from June 2019 to December 2023, income grew from $172k to $172k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nia Community Development Corporation of Greater Richmond sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Mae Organization Inc ($172k), Karis Project ($172k) and Main Street Paragould Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 81% of the total. At year end it held assets of $435k against liabilities of $10k, net assets of $424k.