Neighborshare LLC

Analysis

Neighborshare LLC is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Neighborshare LLC reported income of $852k and spending of $594k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $806k to $852k (+5.6%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Neighborshare LLC sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Warren County Foundation Depository ($852k), Gratiot County Community Foundation ($853k) and Scottish Rite Foundation of Florida ($851k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $175k (29% of expenses). Other salaries and wages came to $40k. At year end it held assets of $509k against liabilities of $14k, net assets of $495k. It reported 2 employees.