Neighborhood Depot Inc

Analysis

Neighborhood Depot Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 2022, 4 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, Neighborhood Depot Inc reported income of $572k and spending of $51k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.4m to $572k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 20% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighborhood Depot Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Angel Care Child Care Inc ($572k), Progressive Steps ($572k) and The Liberation Foundation ($572k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. At year end it held assets of $2.1m against liabilities of $246k, net assets of $1.8m.