Nate Smith Housing Corporation

Analysis

Nate Smith Housing Corporation is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in August 1996, 30 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, Nate Smith Housing Corporation reported income of $500k and spending of $693k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $516k to $500k (-3.0%), an average of -0.8% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nate Smith Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include St Edmunds Tower Annex Inc ($500k), Rebuilding Together Arlington Fairfax Falls Church Inc ($500k) and Vista Alegre ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 23% of the total. At year end it held assets of $780k against liabilities of $1.1m, net assets of -$293k.

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.