Northeast Community Housing Corporation Inc

Analysis

Northeast Community Housing Corporation Inc is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in January 1981, 45 years ago. 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, Northeast Community Housing Corporation Inc reported income of $170k and spending of $80k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $170k (+118%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Community Housing Corporation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Lenox Hillmeeth Physician Attending Association Inc ($170k), Charlotte Good Neighbor Fund ($170k) and Saint Louis Chamber Chorus ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 3.4% of the total. At year end it held assets of $107k against liabilities of $18k, net assets of $89k.