Neighborhood Impact Investment Fund Inc

Analysis

Neighborhood Impact Investment Fund Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2024, Neighborhood Impact Investment Fund Inc reported income of $10.4m and spending of $6.1m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.2m to $10.4m (+147%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 302%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Impact Investment Fund Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Rural Development Institute ($10.4m), Boston Private Industry Council Inc the ($10.4m) and University City District ($10.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $497k (8.2% of expenses). Other salaries and wages came to $299k. At year end it held assets of $63.0m against liabilities of $51.8m, net assets of $11.3m. It reported 7 employees.