SNHS Elderly Housing III Inc

Analysis

SNHS Elderly Housing III Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in February 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 March 2024, SNHS Elderly Housing III Inc reported income of $513k and spending of $535k, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $402k to $513k (+28%), an average of +6.3% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SNHS Elderly Housing III Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within NH. Charities of a similar size with the same main cause include Affordable Housing Paso Robles ($513k), Scotland Community Development Inc ($513k) and Ballard Village Nonprofit Christian Ministries ($513k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $91k. At year end it held assets of $2.0m against liabilities of $3.6m, net assets of -$1.6m.

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.