Good Neighbors Inc

Analysis

Good Neighbors Inc is a registered charity in United States, based in Kennett SQ, PA. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Good Neighbors Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $1.1m (+72%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Neighbors Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Wesley Community Center ($1.1m), Take the Lead Inc ($1.1m) and Nicholas Cardell Day Care Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $84k (7.4% of expenses). Other salaries and wages came to $391k. At year end it held assets of $956k against liabilities of $437k, net assets of $519k. It reported 16 employees.