Neighbors Place Inc

Analysis

Neighbors Place Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 Place Inc reported income of $1.8m and spending of $2.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $1.8m (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighbors Place Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Horton House Interfaith Housing Corp ($1.8m), Pennsylvania State Assn of County Fairs ($1.8m) and Elma M Lapp Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $108k (4.9% of expenses). Other salaries and wages came to $324k. At year end it held assets of $2.5m against liabilities of $765k, net assets of $1.7m. It reported 14 employees.