Neighborup

Analysis

Neighborup is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in February 1971, 55 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, Neighborup reported income of $4.6m and spending of $5.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.6m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborup sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Barrier Free Living Holding Inc ($4.6m), Child Hunger Outreach Partners ($4.6m) and Northeast Oklahoma Community Action Agency Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $460k (8.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $8.5m against liabilities of $112k, net assets of $8.4m. It reported 87 employees.