South Shore Neighborhood Development Corporation

Analysis

South Shore Neighborhood Development Corporation is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in December 2020, 6 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Shore Neighborhood Development Corporation reported income of $86k and spending of $126k, spending 146% of what it took in. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Shore Neighborhood Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within IN. Charities of a similar size with the same main cause include North Florida Community Development Corporation ($86k), Gravette Community Foundation Inc ($86k) and Dekalb County Nursing Home Foundation Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 6.5% of the total. Other salaries and wages came to $70k. At year end it held assets of $270k against liabilities of $3,120, net assets of $267k.