Norwich Housing Corp

Analysis

Norwich Housing Corp is a registered charity in United States, based in Norwich, VT. It received its IRS tax-exemption ruling in June 1979, 47 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 June 2024, Norwich Housing Corp reported income of $547k and spending of $470k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $491k to $547k (+11%), an average of +2.7% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Norwich Housing Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within VT. Charities of a similar size with the same main cause include Serenity House of Atlanta Ministries Inc ($546k), Bii Di Gain Dash Anwebi Elder Housing ($547k) and L B S H Housing Corp ($546k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $1.7m against liabilities of $371k, net assets of $1.3m.