Neighbours Inc

Analysis

Neighbours Inc is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Neighbours Inc reported income of $12.1m and spending of $11.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $12.1m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighbours Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Legacy Traditional School - Gilbert ($12.1m), Caribbean Consolidated Schools Inc ($12.1m) and Childrens Literacy Initiative ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $608k (5.1% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $4.2m against liabilities of $1.4m, net assets of $2.8m. It reported 229 employees.