Neighborhood Network for Seniors

Analysis

Neighborhood Network for Seniors is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 1993, 33 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, Neighborhood Network for Seniors reported income of $473k and spending of $164k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $473k (+233%), an average of +233% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Network for Seniors sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Library Foundation of Hancock County Inc ($473k), Southeast Missouri Facilities Inc ($473k) and Rebuilding Together Seattle ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $126k (77% of expenses). Other salaries and wages came to $6,345. At year end it held assets of $453k against liabilities of $0, net assets of $453k. It reported 3 employees.