Neighborhood Housing Services of Waterbury Inc

Analysis

Neighborhood Housing Services of Waterbury Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in November 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 Waterbury Inc reported income of $3.9m and spending of $3.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $3.9m (+1358%), an average of +95% a year. The sharpest change came in the year to December 2022, when income rose by 288%. 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 Waterbury Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Pratt Area Community Council Inc ($3.9m), Kim Wilson Housing ($3.9m) and Management Services Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 57% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $7.5m against liabilities of $1.8m, net assets of $5.7m. It reported 19 employees.