Neo Fund

Analysis

Neo Fund is a registered charity in United States, based in Gresham, OR. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Neo Fund reported income of $87k and spending of $112k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $141k to $87k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neo Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OR. Charities of a similar size with the same main cause include Vida Spiritual Learning Center Inc ($87k), Selflessservice Inc ($87k) and Christ Connection ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $2,759 in professional fundraising fees. At year end it held assets of $45k against liabilities of $4,111, net assets of $41k.