Neco Foundation

Analysis

Neco Foundation is a registered charity in United States, based in Hercules, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Neco Foundation reported income of $93k and spending of $91k, spending 97% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $112k to $93k (-17%), an average of -8.8% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Neco Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Sharing Resources Worldwide Inc ($93k), Eurasia Center ($93k) and White Harvest Foundation ($93k).

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 $8,864 against liabilities of $0, net assets of $8,864.