Long Island Housing Services Inc

Analysis

Long Island Housing Services Inc is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in April 1978, 48 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 2023, Long Island Housing Services Inc reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.3m (+74%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Long Island Housing Services Inc sits at the 83rd percentile: it is larger than about 83% 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 The Neighbor Project ($2.3m), College Arms Towers Inc ($2.3m) and Community Services Agency Development Corporation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $141k (7.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $357k, net assets of $1.5m. It reported 47 employees.