Supportive Housing Network of New Y York Inc

Analysis

Supportive Housing Network of New Y York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1994, 32 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 December 2023, Supportive Housing Network of New Y York Inc reported income of $3.6m and spending of $2.6m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Supportive Housing Network of New Y York Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Bridge West Oakland Housing Inc ($3.6m), Newton County Healthcare Association Inc ($3.6m) and Homeless No More Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $672k (26% of expenses). Other salaries and wages came to $740k. It paid $31k in professional fundraising fees. At year end it held assets of $7.0m against liabilities of $908k, net assets of $6.1m. It reported 12 employees.