Initiating Change in Our Neighborhoods Community Dev Corp

Analysis

Initiating Change in Our Neighborhoods Community Dev Corp is a registered charity in United States, based in Pacoima, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 June 2023, Initiating Change in Our Neighborhoods Community Dev Corp reported income of $4.0m and spending of $1.7m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $468k to $4.0m (+763%), an average of +71% a year. The sharpest change came in the year to June 2023, when income rose by 184%. Over the whole period it spent 70% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Initiating Change in Our Neighborhoods Community Dev Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Friends of the Children New York ($4.0m), Byp100 Education Fund ($4.1m) and Council on Criminal Justice Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $39k (2.2% of expenses). Other salaries and wages came to $893k. At year end it held assets of $2.8m against liabilities of $168k, net assets of $2.7m. It reported 21 employees.