Norwood Together

Analysis

Norwood Together is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 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 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, Norwood Together reported income of $54k and spending of $40k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $54k (-15%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norwood Together sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Beaver Club of Lafayette ($54k), Dodge Center Foundation ($54k) and Daves Marketplace Charitable Fund ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.