Neighborhood Ministries Inc

Analysis

Neighborhood Ministries Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 1996, 30 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, Neighborhood Ministries Inc reported income of $17.9m and spending of $17.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $17.9m (+286%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 139%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Neighborhood Ministries Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Canal Alliance ($17.8m), Elijah List Ministries Inc ($18.3m) and The Catholic Foundation of Greater Philadelphia ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $267k (1.5% of expenses). Other salaries and wages came to $7.0m. It paid $29k in professional fundraising fees. At year end it held assets of $8.0m against liabilities of $1.4m, net assets of $6.7m. It reported 78 employees.