SNHS Elderly Housing VIII Inc

Analysis

SNHS Elderly Housing VIII Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in September 2010, 16 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 June 2024, SNHS Elderly Housing VIII Inc reported income of $179k and spending of $249k, spending 139% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $135k to $179k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SNHS Elderly Housing VIII Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within NH. Charities of a similar size with the same main cause include Mental Retardation Communityservices of Nassau County - Project ($179k), Three West Housing ($179k) and Morning Star Community Inc ($179k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.9m against liabilities of $2.4m, net assets of -$437k.

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.