Neighborly Hardship Fund Inc

Analysis

Neighborly Hardship Fund Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hardship Fund Inc reported income of $55k and spending of $30k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $230k to $55k (-76%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 282%. Over the whole period it spent 31% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborly Hardship Fund Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Tallacoosa Aid to People Inc ($55k), Fairfield Suisun Rotary Club Foundation ($55k) and The Beacon of Hope Ministries ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.