Third Street Neighborhood Assoc

Analysis

Third Street Neighborhood Assoc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Third Street Neighborhood Assoc reported income of $90k and spending of $53k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $90k (+22%), an average of +10% a year. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Third Street Neighborhood Assoc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within KY. Charities of a similar size with the same main cause include Out of the End Inc ($90k), Detroit Chapter of the American Payroll Association ($90k) and Georgia Education Foundation Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.