Neighbor to Neighbor Inc

Analysis

Neighbor to Neighbor Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in September 1948, 78 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighbor to Neighbor Inc reported income of $3.0m and spending of $3.1m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighbor to Neighbor Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Greater Richmond Partnership Inc ($3.0m), Owensboro Area Shelter Information and Services Inc Oasis ($3.0m) and Northshore Food Bank ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $185k (5.9% of expenses). Other salaries and wages came to $540k. It paid $22k in professional fundraising fees. At year end it held assets of $9.4m against liabilities of $134k, net assets of $9.3m. It reported 10 employees.