National Housing Institute

Analysis

National Housing Institute is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in July 1985, 41 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, National Housing Institute reported income of $810k and spending of $764k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $684k to $810k (+18%), an average of +4.3% a year. 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, National Housing Institute sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Lumber River Housing Development Incorporated ($809k), Ashtabula Homeless Shelter Inc ($810k) and Ardmore Housing for the Elderly Inc ($809k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $240k (31% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.0m against liabilities of $17k, net assets of $987k. It reported 7 employees.