Neighbors In Need Inc
Neighbors In Need Inc: Strong Program Spending, but Declining Assets and Transparency Concerns
EIN: 222481699 · Lawrence, MA · NTEE: K31Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| Net Assets | $455K |
| Transparency Score | 75/100 |
Is Neighbors In Need Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neighbors In Need Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neighbors In Need Inc
Neighbors In Need Inc (EIN: 222481699) is a nonprofit organization based in Lawrence, MA, classified under NTEE code K31Z. The organization reported total revenue of $3.4M and total assets of $693K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neighbors In Need Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neighbors In Need Inc is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-38,266 |
| Total Assets | $534K |
| Total Liabilities | $79K |
| Net Assets | $455K |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, Neighbors In Need Inc reported a deficit of $38K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Neighbors In Need Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +333.7% | +300.2% | -4.8% |
| 2022 | -28.9% | +6.2% | -7.7% |
| 2021 | +32.3% | +35.5% | +54.3% |
| 2020 | +83.1% | +32.9% | +144.3% |
| 2019 | -3.0% | +1.3% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Neighbors In Need Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Neighbors In Need Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further granular financial breakdowns.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Neighbors In Need Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Neighbors In Need Inc:
- 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.
Frequently Asked Questions about Neighbors In Need Inc
Is Neighbors In Need Inc a legitimate charity?
Neighbors In Need Inc (EIN: 222481699) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Neighbors In Need Inc spend its money?
Neighbors In Need Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Neighbors In Need Inc tax-deductible?
Neighbors In Need Inc is registered as a tax-exempt nonprofit (EIN: 222481699). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Neighbors In Need Inc's spending goes to programs?
Neighbors In Need Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neighbors In Need Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Neighbors In Need Inc is above average for NTEE category K31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Neighbors In Need Inc located?
Neighbors In Need Inc is headquartered in Lawrence, Massachusetts and files with the IRS under EIN 222481699. It is classified under NTEE code K31Z.
How many years of IRS 990 filings does Neighbors In Need Inc have?
Neighbors In Need Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
What does Neighbors In Need Inc do?
Neighbors In Need Inc is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Lawrence, Massachusetts. It is classified under NTEE code K31Z.
How much revenue does Neighbors In Need Inc have?
Neighbors In Need Inc reported total revenue of $3,377,137. Based on 14 IRS 990 filings on record.
What are Neighbors In Need Inc's total assets?
Neighbors In Need Inc holds total assets of $693,219 as reported in IRS 990 filings.
Where is Neighbors In Need Inc located?
Neighbors In Need Inc is based in Lawrence, Massachusetts.
What is Neighbors In Need Inc's EIN?
Neighbors In Need Inc's Employer Identification Number (EIN) is 222481699. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Neighbors In Need Inc?
Neighbors In Need Inc is classified under NTEE code K31Z (Food, Agriculture & Nutrition).
Is Neighbors In Need Inc a registered 501(c)(3)?
Yes, Neighbors In Need Inc is recognized as a tax-exempt organization by the IRS. EIN: 222481699.
Does Neighbors In Need Inc file IRS Form 990?
Yes, Neighbors In Need Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Neighbors In Need Inc's revenue in 2023?
In the 202312 filing period, Neighbors In Need Inc reported total revenue of $2,696,069, total expenses of $2,734,335, and net assets of $533,748.
Is Neighbors In Need Inc's revenue growing or declining?
Neighbors In Need Inc's revenue is growing. Revenue went from $621,646 (202212) to $2,696,069 (202312), a +333.7% change. Based on 14 filings on record.
What is Neighbors In Need Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Neighbors In Need Inc covers tax period 202312. It shows revenue of $2,696,069, expenses of $2,734,335, total assets of $533,748, and liabilities of $78,936.
How much does Neighbors In Need Inc spend on programs vs administration?
Based on IRS 990 analysis, Neighbors In Need Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Neighbors In Need Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Neighbors In Need Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Neighbors In Need Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Neighbors In Need Inc's strengths?
Positive indicators for Neighbors In Need Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Neighbors In Need Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further granular financial breakdowns. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Neighbors In Need Inc?
- 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. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant increase in revenue in 2023, what specific initiatives or funding sources contributed to this growth, and how will this impact future program expansion?
The provided data shows a substantial revenue jump in 2023 to $2,696,069 from $621,646 in 2022. Without further details on the nature of this revenue (e.g., specific grants, large donations, new programs), it's difficult to pinpoint exact sources or predict future program expansion, but it suggests a successful year in resource acquisition.
What strategies are in place to address the consistent decline in total assets and the increase in liabilities observed over the past few years?
The data indicates a trend of declining assets and increasing liabilities. Addressing this would typically involve strategies such as diversifying investment portfolios, implementing stricter budget controls, or launching capital campaigns to build reserves and reduce debt. Specific strategies are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for Neighbors In Need Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Neighbors In Need Inc's revenue has grown by 997.6%, moving from $246K to $2.7M. Total assets increased by 307.4% over the same period, from $131K to $534K. Total functional expenses rose by 1004.4%, from $248K to $2.7M. In its most recent filing year (2023), Neighbors In Need Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $79K in liabilities against $534K in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $455K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.7M | $534K | $79K | — | — |
| 2022 | $622K | $683K | $561K | $68K | — | View 990 |
| 2021 | $874K | $643K | $608K | $53K | — | View 990 |
| 2020 | $661K | $475K | $394K | $74K | — | View 990 |
| 2019 | $361K | $357K | $161K | $27K | — | View 990 |
| 2018 | $372K | $353K | $164K | $33K | — | View 990 |
| 2017 | $307K | $329K | $148K | $37K | — | View 990 |
| 2016 | $323K | $277K | $178K | $45K | — | View 990 |
| 2015 | $270K | $260K | $111K | $24K | — | View 990 |
| 2014 | $260K | $242K | $96K | $18K | — | View 990 |
| 2013 | $211K | $214K | $76K | $16K | — | View 990 |
| 2012 | $217K | $243K | $76K | $12K | — | View 990 |
| 2011 | $241K | $261K | $101K | $12K | — | View 990 |
| 2010 | $246K | $248K | $131K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.7M, and assets of $534K (revenue +333.7% year-over-year).
- 2022: Revenue of $622K, expenses of $683K, and assets of $561K (revenue -28.9% year-over-year).
- 2021: Revenue of $874K, expenses of $643K, and assets of $608K (revenue +32.3% year-over-year).
- 2020: Revenue of $661K, expenses of $475K, and assets of $394K (revenue +83.1% year-over-year).
- 2019: Revenue of $361K, expenses of $357K, and assets of $161K (revenue -3.0% year-over-year).
- 2018: Revenue of $372K, expenses of $353K, and assets of $164K (revenue +21.4% year-over-year).
- 2017: Revenue of $307K, expenses of $329K, and assets of $148K (revenue -5.1% year-over-year).
- 2016: Revenue of $323K, expenses of $277K, and assets of $178K (revenue +19.8% year-over-year).
- 2015: Revenue of $270K, expenses of $260K, and assets of $111K (revenue +3.7% year-over-year).
- 2014: Revenue of $260K, expenses of $242K, and assets of $96K (revenue +23.2% year-over-year).
- 2013: Revenue of $211K, expenses of $214K, and assets of $76K (revenue -2.9% year-over-year).
- 2012: Revenue of $217K, expenses of $243K, and assets of $76K (revenue -10.0% year-over-year).
- 2011: Revenue of $241K, expenses of $261K, and assets of $101K (revenue -1.7% year-over-year).
- 2010: Revenue of $246K, expenses of $248K, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neighbors In Need Inc:
Data Sources and Methodology
This transparency report for Neighbors In Need Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.