Trust Neighborhoods

Analysis

Trust Neighborhoods is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 2021, 5 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, Trust Neighborhoods reported income of $4.2m and spending of $1.2m, leaving 72% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $252k to $4.2m (+1588%), an average of +156% a year. The sharpest change came in the year to December 2021, when income rose by 238%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trust Neighborhoods sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Midwest Business Finance Corporation ($4.2m), Able Industries Inc ($4.2m) and Marimor Industries Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $421k (36% of expenses). Other salaries and wages came to $286k. At year end it held assets of $2.1m against liabilities of $86k, net assets of $2.0m. It reported 7 employees.