Neighborhood Housing Services of the South Shore Inc

Analysis

Neighborhood Housing Services of the South Shore Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in August 1981, 45 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 June 2023, Neighborhood Housing Services of the South Shore Inc reported income of $92.5m and spending of $89.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $92.5m (+2038%), an average of +115% a year. The sharpest change came in the year to June 2020, when income rose by 1094%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Services of the South Shore Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Ann S Choice Inc ($90.6m), Brooksby Village Inc ($95.1m) and Maris Grove Inc ($89.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $305k (0.3% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $57.1m against liabilities of $45.1m, net assets of $12.0m. It reported 128 employees.