Neighborhood Associates Corporation

Analysis

Neighborhood Associates Corporation is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Neighborhood Associates Corporation reported income of $546k and spending of $976k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $925k to $546k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Associates Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Together for Life Northland Inc ($546k), Cole Gordons the Helping Hand Foundation Inc ($546k) and My Cup of Tea Inc ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $75k (7.7% of expenses). Other salaries and wages came to $185k. At year end it held assets of $6.1m against liabilities of $5.8m, net assets of $233k. It reported 6 employees.