Neighborhood Investment Partners Inc

Analysis

Neighborhood Investment Partners Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in May 2002, 24 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 (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, Neighborhood Investment Partners Inc reported income of $1.7m and spending of $979k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $508k to $1.7m (+234%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 204%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Investment Partners Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include The Womens Housing Coalition Inc ($1.7m), Our Lady of Guadalupe ($1.7m) and Orchard Place Nonprofit Housing Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.3m. It reported 9 employees.