New Level Community Development Corporation

Analysis

New Level Community Development Corporation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2003, 23 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, New Level Community Development Corporation reported income of $2.4m and spending of $748k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.4m (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Level Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Neighborhood House Association ($2.4m), Community Focus Foundation ($2.4m) and The Coalition of Immokalee Workers Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $195k. At year end it held assets of $8.2m against liabilities of $1.6m, net assets of $6.6m. It reported 4 employees.