Neighborhood Cooperative Ministries Inc

Analysis

Neighborhood Cooperative Ministries Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in June 1989, 37 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 2022, Neighborhood Cooperative Ministries Inc reported income of $3.1m and spending of $2.5m, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.8m to $3.1m (+71%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Cooperative Ministries Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Montana Health Research and Education Foundation Inc ($3.1m), Glens Falls Independent Living Center Inc ($3.1m) and YWCA of Hawaii Island ($3.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $86k (3.4% of expenses). Other salaries and wages came to $450k. It paid $16k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $80k, net assets of $5.3m. It reported 13 employees.