My Neighbors Foundation Inc

Analysis

My Neighbors Foundation Inc is a registered charity in United States, based in Monkton, MD. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, My Neighbors Foundation Inc reported income of $176k and spending of $183k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $176k (+11%), an average of +11% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, My Neighbors Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Breath of Life Foundation ($176k), Friends of St Malachy Incorporated ($176k) and Central Hardin Band Boosters Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187k against liabilities of $0, net assets of $187k.