N the Spirit Inc

Analysis

N the Spirit Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, N the Spirit Inc reported income of $533k and spending of $400k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $533k (+148%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, N the Spirit Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include East Greenbush Housing Development Fund Company Inc ($533k), Casitas of Hayward Inc ($533k) and Alabama Communities Inc ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (30% of expenses). Other salaries and wages came to $173k. At year end it held assets of $290k against liabilities of $0, net assets of $290k.