United Methodist Neighborhood Centers Inc

Analysis

United Methodist Neighborhood Centers Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 2022, United Methodist Neighborhood Centers Inc reported income of $455k and spending of $454k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $598k to $455k (-24%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Methodist Neighborhood Centers Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Hoa Aina O Makaha ($455k), Asian Entrepreneurship Foundation ($455k) and Essex Fire Engine Co 1 Special Acct ($455k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $17k (3.7% of expenses). Other salaries and wages came to $236k. It paid $354 in professional fundraising fees. At year end it held assets of $125k against liabilities of $291k, net assets of -$166k. It reported 17 employees.