Neosho Area Business & Industrial Foundation

Analysis

Neosho Area Business & Industrial Foundation is a registered charity in United States, based in Neosho, MO. It received its IRS tax-exemption ruling in February 1989, 37 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 June 2023, Neosho Area Business & Industrial Foundation reported income of $590k and spending of $651k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $720k to $590k (-18%), an average of -6.4% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neosho Area Business & Industrial Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within MO. Charities of a similar size with the same main cause include Greeley-Evans Elks Youth Baseball League Inc ($590k), Via Center ($590k) and Retiree Housing of Worcester Inc ($589k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $373k. At year end it held assets of $2.5m against liabilities of $613k, net assets of $1.9m. It reported 2 employees.