Good Neighbor Initiative Inc

Analysis

Good Neighbor Initiative Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Neighbor Initiative Inc reported income of $105k and spending of $241k, spending 229% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.6m to $105k (-93%), an average of -59% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Good Neighbor Initiative Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within PA. Charities of a similar size with the same main cause include California Mens Gathering ($105k), National Institute of Social Sciences ($105k) and Heinz-Menaker Senior Center Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.

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.