New Neighbors Inc

Analysis

New Neighbors Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1997, 29 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 June 2024, New Neighbors Inc reported income of $81k and spending of $143k, spending 176% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $90k to $81k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 172% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Neighbors Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within AK. Charities of a similar size with the same main cause include Waka Worldwide ($81k), His Service Station ($81k) and A Better World the Adoption Connection Inc ($81k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $620k against liabilities of $1.4m, net assets of -$736k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.