SNHS Raymond Elderly Housing Inc

Analysis

SNHS Raymond Elderly Housing Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, SNHS Raymond Elderly Housing Inc reported income of $272k and spending of $288k, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $228k to $272k (+19%), an average of +4.5% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SNHS Raymond Elderly Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within NH. Charities of a similar size with the same main cause include Poah Support Corporation 2 ($272k), Peckham Housing Corporation ($272k) and Southeastern Connecticut Community Land Trust Inc ($272k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $56k. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$768k.

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.