Francisville Neighborhood Development Corporation

Analysis

Francisville Neighborhood Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2022, 4 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, Francisville Neighborhood Development Corporation reported income of $709k and spending of $460k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $236k to $709k (+201%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Francisville Neighborhood Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Kalamazoo Nonprofit Advocacy Coalition ($708k), Project Jumpstart Inc ($709k) and Historic West End Partners Inc ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $67k. At year end it held assets of $883k against liabilities of $34k, net assets of $848k. It reported 10 employees.