Danville Neighborhood Development Corporation

Analysis

Danville Neighborhood Development Corporation is a registered charity in United States, based in Danville, VA. It received its IRS tax-exemption ruling in February 2018, 8 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, Danville Neighborhood Development Corporation reported income of $562k and spending of $899k, spending 160% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $290k to $562k (+94%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Danville Neighborhood Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include East Texas Media Association Inc ($562k), Pcams Holdings ($563k) and Matter of Trust Inc ($562k).

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 $115k (13% of expenses). Other salaries and wages came to $17k. At year end it held assets of $481k against liabilities of $9,198, net assets of $471k. It reported 2 employees.