Neighborhood Capital Corporation

Analysis

Neighborhood Capital Corporation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Neighborhood Capital Corporation reported income of $11.4m and spending of $6.1m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $11.4m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Capital Corporation 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 95th percentile within MD. Charities of a similar size with the same main cause include Christian Care Mesa II Inc Fellowship Square Brown & Center ($11.4m), Eskaton Village-Grass Valley ($11.5m) and Womens Community Revitalization Project ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $1.1m (18% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $133.1m against liabilities of $73.0m, net assets of $60.1m. It reported 21 employees.