Neos Initiative

Analysis

Neos Initiative is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neos Initiative reported income of $101k and spending of $112k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $101k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Neos Initiative sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Holy Synod of Saint Athanasius Congregation ($101k), Franklin Ministries Inc ($101k) and Ministerio Evangelistico Encuentro Con Dios Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $35k against liabilities of $7,534, net assets of $28k.