Neighbors Helping Neighbors Inc

Analysis

Neighbors Helping Neighbors Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in January 2004, 22 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 Helping Neighbors Inc reported income of $311k and spending of $338k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $311k (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 143%. 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, Neighbors Helping Neighbors Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include City of Refuge Pulaski Inc ($311k), Honeybee Society ($311k) and American Friends of Bean Voyage ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $55k (16% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.8m against liabilities of $2,193, net assets of $1.7m. It reported 11 employees.