Hey Neighbor

Analysis

Hey Neighbor is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hey Neighbor reported income of $299k and spending of $314k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $299k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hey Neighbor sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Jackson County Library Foundation ($299k), St Thomas Day School Inc ($299k) and Grace Collaborative Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (27% of expenses). Other salaries and wages came to $99k. At year end it held assets of $72k against liabilities of $5,128, net assets of $67k. It reported 3 employees.