NDN Fund

Analysis

NDN Fund is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in August 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 (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, NDN Fund reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $344k to $1.7m (+402%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 756%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NDN Fund sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within SD. Charities of a similar size with the same main cause include Urban Juncture Foundation ($1.7m), South Bend Elkhart Regional Partnership Foundation ($1.7m) and Greater Lockport Development Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $346k (26% of expenses). Other salaries and wages came to $201k. At year end it held assets of $11.7m against liabilities of $9.7m, net assets of $1.9m.