Neighbors Plus

Analysis

Neighbors Plus is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Plus reported income of $309k and spending of $261k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $309k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighbors Plus sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Springfield Community Partnership Management Corporation ($309k), Taos County Economic Development Corporation ($309k) and Paterson Alliance Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $54k (21% of expenses). At year end it held assets of $365k against liabilities of $500, net assets of $365k. It reported 28 employees.