Neighbors Educational Opportunities Inc

Analysis

Neighbors Educational Opportunities Inc is a registered charity in United States, based in Portage, IN. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Neighbors Educational Opportunities Inc reported income of $3.4m and spending of $2.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.4m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighbors Educational Opportunities Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Ron Brown Scholar Fund ($3.4m), North Delta School Inc ($3.4m) and Ross Valley Charter School ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.8m against liabilities of $3.3m, net assets of $1.5m. It reported 55 employees.