Love Thy Neighbor

Analysis

Love Thy Neighbor is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in April 1990, 36 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, Love Thy Neighbor reported income of $349k and spending of $408k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $503k to $349k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Love Thy Neighbor sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Mercy Memorial Hospital Association ($349k), The Fellowship Center ($349k) and Anna Prayer Counseling Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $56k (14% of expenses). Other salaries and wages came to $156k. At year end it held assets of $390k against liabilities of $130k, net assets of $260k. It reported 11 employees.