Quick charity verification for Neighbors In Need Inc (EIN: 222481699)
Verdict: Neighbors In Need Inc appears trustworthy
75/100Mission Score
$3.4MRevenue
$693KAssets
3Red Flags
3Strengths
Red Flags
Total assets have shown a consistent decline from $607,936 in 2021 to $533,748 in 2023, raising questions about long-term financial stability.
The organization's liabilities have increased from $53,252 in 2021 to $78,936 in 2023, indicating a growing debt burden.
Despite significant revenue in 2023 ($2,696,069), the organization reported an excess of expenses over revenue ($2,734,335 vs $2,696,069), suggesting potential operational inefficiencies or one-time expenditures.
Strengths
Demonstrates a strong commitment to programs, with a high percentage of spending directed towards direct services.
Experienced a substantial increase in revenue from $621,646 in 2022 to $2,696,069 in 2023, indicating successful fundraising or grant acquisition.
Maintains a relatively low administrative overhead, suggesting efficient internal operations.
Spending Breakdown
How Neighbors In Need Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Neighbors In Need Inc
Is Neighbors In Need Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Neighbors In Need Inc (EIN: 222481699) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Neighbors In Need Inc a good charity to donate to?
Neighbors In Need Inc has a Mission Score of 75/100. Revenue: $3.4M. Assets: $693K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Neighbors In Need Inc?
The Employer Identification Number (EIN) for Neighbors In Need Inc is 222481699. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Neighbors In Need Inc spend its money?
Neighbors In Need Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Neighbors In Need Inc's tax-exempt status?
You can verify Neighbors In Need Inc's tax-exempt status using EIN 222481699 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Neighbors In Need Inc is a food, agriculture & nutrition nonprofit based in Lawrence, Massachusetts, with reported revenue of $3.4M and assets of $693K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. - Financial statements are available, but detailed program breakdowns are not easily accessible.
- No clear public report on impact metrics or specific beneficiary outcomes.
- Executive compensation details are not readily itemized in public filings beyond aggregate figures. Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further granular financial breakdowns. Revenue has grown +998% across 14 filing periods.