Niagara Falls Neighborhood Housing Services Inc

Analysis

Niagara Falls Neighborhood Housing Services Inc is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in December 1981, 45 years ago. 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, Niagara Falls Neighborhood Housing Services Inc reported income of $433k and spending of $881k, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $433k (-90%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Niagara Falls Neighborhood Housing Services Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Macrostie Art Center ($433k), National Church Residences of ($433k) and Brain Injury Association of Rhode Island Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $65k (7.4% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.8m against liabilities of $4.1m, net assets of -$2.3m. It reported 8 employees.

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.