Neighbors Corporation

Analysis

Neighbors Corporation is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, Neighbors Corporation reported income of $518k and spending of $543k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $518k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighbors Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Alston Wilkes Foundation ($518k), Navy League of the United States Honolulu Council ($518k) and NC Elderly Housing Inc ($518k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $124k. At year end it held assets of $3.3m against liabilities of $1.6m, net assets of $1.7m. It reported 4 employees.