Neighborly Faith Inc

Analysis

Neighborly Faith Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Neighborly Faith Inc reported income of $394k and spending of $527k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $492k to $394k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Neighborly Faith Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Oceanside Church ($394k), Friends of TJJ Chasidei Square Inc ($394k) and Mark Correll Ministriesinternational Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $210k (40% of expenses). At year end it held assets of $232k against liabilities of $0, net assets of $232k.