The Next Door

Analysis

The Next Door is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Next Door reported income of $8.9m and spending of $9.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.6m to $8.9m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Next Door sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include San Carlos Development Corporation ($8.9m), Partners for Community Development Inc ($8.9m) and Todco Ybc 5 Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $220k (2.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $9.8m against liabilities of $4.5m, net assets of $5.3m. It reported 193 employees.