Neighbors in Need of Services Inc

Analysis

Neighbors in Need of Services Inc is a registered charity in United States, based in Rio Hondo, TX. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, Neighbors in Need of Services Inc reported income of $41.1m and spending of $39.8m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $30.0m to $41.1m (+37%), an average of +8.2% a year. The sharpest change came in the year to March 2023, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighbors in Need of Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Voluntary Interdistrict Choice Corporation ($41.1m), Austin Achieve Public Schools Inc ($41.1m) and Belmont Hill School Inc ($41.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $254k (0.6% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $7.9m against liabilities of $4.5m, net assets of $3.4m. It reported 696 employees.