Cincinnati Northside Community Urban Redevelopment Corporation

Analysis

Cincinnati Northside Community Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2006, 20 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, Cincinnati Northside Community Urban Redevelopment Corporation reported income of $1.0m and spending of $201k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $1.0m (+1147%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 462%. Over the whole period it spent 43% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cincinnati Northside Community Urban Redevelopment Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include American Agape Foundation Inc ($1.0m), Malheur Watershed Council ($1.0m) and Center for Excellence in Nonprofits ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $17k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $710k, net assets of $1.2m.