Neighbors Together Corp

Analysis

Neighbors Together Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Neighbors Together Corp reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $942k to $1.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2020, when income rose by 76%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighbors Together Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Victory Village Inc ($1.3m), Metropolitan Housing Development Corporation ($1.3m) and Greater Norfolk Economic Development Foundation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $120k (9.6% of expenses). Other salaries and wages came to $496k. At year end it held assets of $2.0m against liabilities of $159k, net assets of $1.8m. It reported 16 employees.