Neighbors in Need Inc

Analysis

Neighbors in Need Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Neighbors in Need Inc reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $2.7m (+647%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 334%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighbors in Need Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Good in the Hood ($2.7m), Progressive Choices ($2.7m) and Childrens All Day School ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $75k (2.8% of expenses). Other salaries and wages came to $298k. At year end it held assets of $534k against liabilities of $79k, net assets of $455k. It reported 18 employees.