Neighborhood

Analysis

Neighborhood is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Neighborhood reported income of $569k and spending of $621k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $266k to $569k (+114%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Ruby M Sisson Memorial Library Foundation ($569k), Hulbert Cherokee Community Organization ($569k) and Fountain of Youth Program ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $224k (36% of expenses). Other salaries and wages came to $98k. It paid $29k in professional fundraising fees. At year end it held assets of $269k against liabilities of $0, net assets of $269k. It reported 4 employees.