My Neighbor to Love Coalition

Analysis

My Neighbor to Love Coalition is a registered charity in United States, based in Nisswa, MN. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, My Neighbor to Love Coalition reported income of $549k and spending of $40k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $689k to $549k (-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 6.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, My Neighbor to Love Coalition sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Western Iowa Community Improvement Regional Housing Trust Fund ($549k), Partners Against Trafficking Humans ($550k) and Redding Mountain Vistas II ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.3m against liabilities of $151k, net assets of $1.2m.