SNHS Ashland Elderly Housing Inc

Analysis

SNHS Ashland Elderly Housing Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in February 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, SNHS Ashland Elderly Housing Inc reported income of $254k and spending of $331k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $216k to $254k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SNHS Ashland Elderly Housing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within NH. Charities of a similar size with the same main cause include Clinton House Non-Profit Housing Corporation ($254k), Habitat for Humanity International Inc ($254k) and Portland Supportive Housing Inc ($254k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $56k. At year end it held assets of $2.4m against liabilities of $3.5m, net assets of -$1.0m.

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.