Nha Properties Inc

Analysis

Nha Properties Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in September 1998, 28 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, Nha Properties Inc reported income of $3.5m and spending of $1.3m, leaving 63% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $902k to $3.5m (+287%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 441%. Over the whole period it spent 37% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nha Properties Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include 239 East 115th Street Housing Development Fund Corporation ($3.5m), Hancock County Senior Services Association ($3.5m) and Immacare Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $390k. At year end it held assets of $26.7m against liabilities of $9.1m, net assets of $17.6m. It reported 5 employees.