Neighborhood Coalition for Shelter Inc

Analysis

Neighborhood Coalition for Shelter Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1983, 43 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, Neighborhood Coalition for Shelter Inc reported income of $5.9m and spending of $4.6m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.9m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Coalition for Shelter Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Fuller Center for Housing Inc ($5.9m), C-Hp Cove Inc ($5.9m) and Orange County Community Housing Corp ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $375k (8.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $8.2m against liabilities of $771k, net assets of $7.5m. It reported 47 employees.