Neighborly Care Network Inc

Analysis

Neighborly Care Network Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in December 1970, 56 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, Neighborly Care Network Inc reported income of $8.7m and spending of $9.8m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $8.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborly Care Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Liberty Lutheran Services ($8.7m), Council on Social Work Education Inc ($8.7m) and United Methodist Retirement Community Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $279k (2.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $5.6m against liabilities of $1.2m, net assets of $4.4m. It reported 146 employees.