Our Neighbors Inc

Analysis

Our Neighbors Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Our Neighbors Inc reported income of $415k and spending of $364k, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $978k to $415k (-58%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 57%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Our Neighbors Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Kalamazoo Collective Housing ($414k), Erie Dawn Inc ($415k) and Masonic Retirement Village of Taylor Mill Inc ($414k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.3% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $39k (11% of expenses). Other salaries and wages came to $34k. At year end it held assets of $2.4m against liabilities of $663k, net assets of $1.8m. It reported 2 employees.