Neuse Enterprises Inc

Analysis

Neuse Enterprises Inc is a registered charity in United States, based in Kinston, NC. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2023, Neuse Enterprises Inc reported income of $2.2m and spending of $2.0m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.4m to $2.2m (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2022, when income dropped by 20%. 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, Neuse Enterprises Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Foundation for Foster Children Inc ($2.2m), Trauma Institute & Child Trauma Institute Inc ($2.2m) and Lamar County Human Resources Council Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 106% of the total. Compensation of current officers, directors and key employees was $75k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.8m against liabilities of $60k, net assets of $2.7m. It reported 190 employees.