Neighborhood Funders Group

Analysis

Neighborhood Funders Group is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 Funders Group reported income of $19.0m and spending of $14.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $19.0m (+448%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 335%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Funders Group sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Head Start of Lane County ($19.0m), St Vincent Salem Hospital Inc ($19.0m) and Christopher House Inc ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $201k (1.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $31.5m against liabilities of $516k, net assets of $31.0m. It reported 26 employees.