79th Street Corridor Neighborhood Initiative Inc

Analysis

79th Street Corridor Neighborhood Initiative Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, 79th Street Corridor Neighborhood Initiative Inc reported income of $324k and spending of $317k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $324k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 79th Street Corridor Neighborhood Initiative Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include MLK Family Arts Mentoring Enrichment Community Center ($324k), Penns Northeast Inc ($324k) and Junior League of Mobile Inc ($324k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (28% of expenses). Other salaries and wages came to $49k. At year end it held assets of $13k against liabilities of $18k, net assets of -$4,972. It reported 2 employees.