Neighborhood Recovery Community Development Corporation

Analysis

Neighborhood Recovery Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Recovery Community Development Corporation reported income of $3.9m and spending of $3.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $3.9m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Recovery Community Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Amber Waves Farm Inc ($3.9m), National Indian Child Welfare Association ($3.9m) and Alexandra House Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $132k (4.2% of expenses). Other salaries and wages came to $791k. At year end it held assets of $9.3m against liabilities of $3.5m, net assets of $5.9m. It reported 12 employees.