Good Neighbor Shop

Analysis

Good Neighbor Shop is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Good Neighbor Shop reported income of $70k and spending of $59k, spending 85% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $78k to $70k (-10%), an average of -10% a year. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Neighbor Shop sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within NC. Charities of a similar size with the same main cause include New England Bangladash American Foundation Inc ($70k), 565 Mayfield Foundation ($70k) and Pioneer Housing Project I ($70k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.