Nazareth Housing Inc

Analysis

Nazareth Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1995, 31 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, Nazareth Housing Inc reported income of $4.3m and spending of $3.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.3m (+74%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nazareth Housing Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Decatur Church of Christ Senior Housing Inc ($4.3m), Mid-Peninsula Half Moon Bay Inc ($4.3m) and Heartland Housing Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $256k (6.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.2m against liabilities of $528k, net assets of $3.6m. It reported 35 employees.