Neighborhood Recycling Corporation: $22.7M Revenue, $22.9M Expenses
Minneapolis, Minnesota · EIN 412021202 · Filing year 2023
Neighborhood Recycling Corporation reported $22.7M in total revenue, $22.9M in total expenses, and $21.6M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $537K (2.37% of revenue). NonprofitTruth efficiency grade: A (80/100).
Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.
Key Facts (2023 Form 990)
- Total Revenue
- $22.7M
- Total Expenses
- $22.9M
- Total Assets
- $21.6M
- Reserve Months
- 11.3 months
- Surplus / (Deficit)
- $-252,537
- EIN
- 412021202
- Latest 990 Year
- 2023
- Current-Officer Compensation
- $537K
- Officer Comp % of Revenue
- 2.37%
On the NonprofitTruth efficiency rubric, Neighborhood Recycling Corporation pulls an A — the highest available grade. The 80/100 composite reflects strong financial reserves, controlled officer compensation, and the kind of multi-year financial discipline that grant-makers look for.
Neighborhood Recycling Corporation reported $22.7M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Financial health is a strength: Neighborhood Recycling Corporation carries a healthy operating-reserve cushion against $22.9M in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.
Five-year revenue trajectory is strongly positive: Neighborhood Recycling Corporation has grown materially in real terms, which usually signals successful fundraising and program expansion. Compensation for current officers and key employees runs $537,472 against $22.7M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Neighborhood Recycling Corporation works in Environment & Animals — environmental, conservation, animal-welfare, and natural-resources programs. The sector spans large international conservation groups and small local land trusts; the financial profile varies accordingly.
How Neighborhood Recycling Corporation Compares
Neighborhood Recycling Corporation earns a NonprofitTruth efficiency grade of A (80/100). That is 17 points above the Environment & Animals category average. Compensation for current officers and key employees represents 2.37% of total revenue. The organization holds 11.3 months of operating reserves, indicating strong financial cushion.
990 Financial Snapshot
Based on IRS tax-exempt organization data, Neighborhood Recycling Corporation reported $22.7M in revenue against $22.9M in total functional expenses for filing year 2023, holding roughly 11.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.
The 990 reports $537K in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.37% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.
Revenue History
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Neighborhood Recycling Corporation has a NonprofitTruth Efficiency Score of A (80/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Neighborhood Recycling Corporation, Donor FAQ
Neighborhood Recycling Corporation has a NonprofitTruth Efficiency Score of A (80/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.
Neighborhood Recycling Corporation reports $537K in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.37% of the organization's $22.7M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.
Neighborhood Recycling Corporation reported $22.7M in annual revenue and $22.9M in total expenses for filing year 2023. The organization holds $21.6M in total assets.
Neighborhood Recycling Corporation holds approximately 11.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its A efficiency grade.
Neighborhood Recycling Corporation is a registered 501(c) organization with EIN 412021202, based in Minneapolis, Minnesota. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.
Similar Environment & Animals Nonprofits
Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.