Visiting Neighbors Inc

Analysis

Visiting Neighbors Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1974, 52 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, Visiting Neighbors Inc reported income of $379k and spending of $353k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $278k to $379k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 31%. 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, Visiting Neighbors Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Wyomissing Public Library ($379k), Circassion Benevolent Association ($379k) and Feed the Hungry Project ($379k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $107k (30% of expenses). Other salaries and wages came to $130k. At year end it held assets of $310k against liabilities of $8,508, net assets of $301k. It reported 4 employees.