Neighborhood Service Organization

Analysis

Neighborhood Service Organization is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1957, 69 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 September 2023, Neighborhood Service Organization reported income of $26.3m and spending of $24.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.8m to $26.3m (+15%), an average of +3.6% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Service Organization sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Franciscan Pace Inc ($26.3m), Benhaven Inc ($26.3m) and Xilin Association ($26.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.2m (5.0% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $34.9m against liabilities of $3.7m, net assets of $31.2m. It reported 363 employees.