Greater Belhaven Neighborhood

Analysis

Greater Belhaven Neighborhood is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in November 2004, 22 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 2021, Greater Belhaven Neighborhood reported income of $153k and spending of $166k, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $283k to $153k (-46%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Belhaven Neighborhood sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within MS. Charities of a similar size with the same main cause include Creative Corridors Coalition ($153k), Capitol Station Associates ($153k) and Bushwick Workshop Space Inc ($153k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $62k (38% of expenses). Other salaries and wages came to $7,500. At year end it held assets of $3.2m against liabilities of $34k, net assets of $3.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.