Neighbors for Better Neighborhoods

Analysis

Neighbors for Better Neighborhoods is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighbors for Better Neighborhoods reported income of $671k and spending of $809k, spending 121% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income grew from $394k to $671k (+71%), an average of +11% a year. The sharpest change came in the year to June 2019, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Neighbors for Better Neighborhoods sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Wellsky Foundation ($671k), Hopkinsville Christian County United Way Inc ($672k) and Declan Drumm Sullivan Memorial Fund ($671k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (9.3% of expenses). Other salaries and wages came to $284k. At year end it held assets of $701k against liabilities of $12k, net assets of $689k. It reported 9 employees.