Scranton Neigborhood Housing

Analysis

Scranton Neigborhood Housing is a registered charity in United States, based in Scranton, PA. It received its IRS tax-exemption ruling in May 1982, 44 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 2023, Scranton Neigborhood Housing reported income of $2.9m and spending of $2.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.9m (+126%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scranton Neigborhood Housing sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include The Delores Project ($2.9m), Friendship Manor ($2.9m) and Virginia Community Development Corp ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $108k (4.0% of expenses). Other salaries and wages came to $750k. At year end it held assets of $5.6m against liabilities of $1.9m, net assets of $3.7m. It reported 18 employees.