Neoac Advisory Council

Analysis

Neoac Advisory Council is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2013, 13 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, Neoac Advisory Council reported income of $93k and spending of $77k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $93k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neoac Advisory Council sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Willamette Valley Wine Foundation ($93k), Keokuk Economic Development Corporation ($93k) and Saratoga County Prosperity Partnership Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 74% of the total. At year end it held assets of $229k against liabilities of $45k, net assets of $184k.