Nathan Hale Housing Company Inc

Analysis

Nathan Hale Housing Company Inc is a registered charity in United States, based in Lynbrook, NY. It received its IRS tax-exemption ruling in April 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Nathan Hale Housing Company Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.0m to $2.2m (+8.9%), an average of +2.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nathan Hale Housing Company Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Maryland Crime Victims Resource Center Inc ($2.2m), Mississippi Christian Family Services ($2.2m) and Rye Free Reading Room ($2.2m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $358k. At year end it held assets of $7.2m against liabilities of $2.6m, net assets of $4.6m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.