Little Italy Neigborhood Association Inc

Analysis

Little Italy Neigborhood Association Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2024, 2 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, Little Italy Neigborhood Association Inc reported income of $332k and spending of $35k, leaving 90% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $32k to $332k (+952%), an average of +119% a year. The sharpest change came in the year to December 2023, when income rose by 9178%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Little Italy Neigborhood Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($332k), Anacortes Rotary Charitableassociation ($332k) and Jacksonville Urban League Economic and Community Development FDN Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $300k against liabilities of $0, net assets of $300k.