Our Neighborhoods Empowered

Analysis

Our Neighborhoods Empowered is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Neighborhoods Empowered reported income of $59k and spending of $58k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $59k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Our Neighborhoods Empowered sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Jefferson Street United Merchants ($59k), Los Angeles LDC Inc ($59k) and Bradford Community Coalition ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $6,454 against liabilities of $19k, net assets of -$13k.