Northshore Housing Initiative Inc

Analysis

Northshore Housing Initiative Inc is a registered charity in United States, based in Slidell, LA. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2022, Northshore Housing Initiative Inc reported income of $66k and spending of $90k, spending 138% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $196k to $66k (-66%), an average of -30% a year. The sharpest change came in the year to June 2021, when income rose by 88%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northshore Housing Initiative Inc sits at the 15th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include South Norfolk Elderly Housing Services Inc ($66k), McAllister Street Inc ($66k) and Mac Mineral Rentals Inc ($66k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $70k. At year end it held assets of $697k against liabilities of $23k, net assets of $674k. It reported 1 employees.