NCSC USA Housing Development Corporation Three

Analysis

NCSC USA Housing Development Corporation Three is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 2002, 24 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, NCSC USA Housing Development Corporation Three reported income of $511k and spending of $625k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $511k (+16%), an average of +3.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NCSC USA Housing Development Corporation Three sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Neighborhood Apartments Inc ($511k), Talbot Bernard Senior Housing Corporation ($511k) and The Rock Foundation ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.4m against liabilities of $458k, net assets of $916k. It reported 4 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.