Neal Home

Analysis

Neal Home is a registered charity in United States, based in Logansport, IN. It received its IRS tax-exemption ruling in January 1943, 83 years ago. 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, Neal Home reported income of $299k and spending of $314k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $299k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neal Home sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Buxton Childrens Center Incorporated ($299k), West Valley Youth Soccer League ($299k) and Louisiana Oncology Society ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $137k. At year end it held assets of $361k against liabilities of $0, net assets of $361k. It reported 14 employees.