Neighbors Network

Analysis

Neighbors Network is a registered charity in United States, based in Conover, NC. It received its IRS tax-exemption ruling in June 2016, 10 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 2023, Neighbors Network reported income of $215k and spending of $215k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $215k (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighbors Network sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Sampson Arts Council Inc ($215k), Watauga County Arts Council Inc ($215k) and Texas 4-H ($215k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $108k. At year end it held assets of $365k against liabilities of $255k, net assets of $110k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.