Neighborhood Concepts Inc

Analysis

Neighborhood Concepts Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Neighborhood Concepts Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $752k to $1.5m (+104%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 251%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Concepts Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Higgins Plaza Inc ($1.5m), Pacem ($1.5m) and Acts Lending Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $170k (13% of expenses). Other salaries and wages came to $242k. At year end it held assets of $14.1m against liabilities of $7.9m, net assets of $6.2m. It reported 7 employees.