Neighbors in Ministry

Analysis

Neighbors in Ministry is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in March 1998, 28 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, Neighbors in Ministry reported income of $444k and spending of $318k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $444k (+122%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighbors in Ministry sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Project Sweet Peas ($444k), Selam Foundation ($444k) and El Pueblo ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $30k (9.4% of expenses). Other salaries and wages came to $148k. It paid $19k in professional fundraising fees. At year end it held assets of $628k against liabilities of $11k, net assets of $617k. It reported 15 employees.