Good Neighbors Inc

Analysis

Good Neighbors Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Good Neighbors Inc reported income of $11.7m and spending of $11.6m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.1m to $11.7m (+468%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 272%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Neighbors Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Bridge Steps ($11.7m), Comserv Inc ($11.7m) and Central American Resource Center - Carecen - of California ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $250k against liabilities of $59k, net assets of $191k.