Neighborhood Housing Services of New Haven Inc

Analysis

Neighborhood Housing Services of New Haven Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 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 Services of New Haven Inc reported income of $4.4m and spending of $4.0m, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3.8m to $4.4m (+16%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 78% 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 New Haven Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Glencroft Towers 1 Inc ($4.4m), Stonehaven Student Housing Inc ($4.4m) and National Breast Cancer Coalition Fund ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $557k. At year end it held assets of $6.3m against liabilities of $3.4m, net assets of $3.0m. It reported 22 employees.