The Neighbor Project

Analysis

The Neighbor Project is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in March 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Neighbor Project reported income of $2.3m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $992k to $2.3m (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Neighbor Project sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Community Services Agency Development Corporation ($2.3m), Long Island Housing Services Inc ($2.3m) and Tanya Towers Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $106k (4.9% of expenses). Other salaries and wages came to $845k. At year end it held assets of $2.6m against liabilities of $1.6m, net assets of $988k. It reported 20 employees.