Neighborhood Housing Service of New Britain Inc

Analysis

Neighborhood Housing Service of New Britain Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in February 1980, 46 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 December 2023, Neighborhood Housing Service of New Britain Inc reported income of $871k and spending of $990k, spending 114% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $950k to $871k (-8.3%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Service of New Britain Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include New Bridge Place ($871k), Homes of Montclair Ecumenical Corp ($871k) and Evergreen Nonprofit Housing ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 55% of the total. Other salaries and wages came to $455k. At year end it held assets of $8.3m against liabilities of $3.7m, net assets of $4.5m. It reported 19 employees.