Newbury Elderly Housing Inc

Analysis

Newbury Elderly Housing Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in August 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 August 2023, Newbury Elderly Housing Inc reported income of $419k and spending of $570k, spending 136% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $302k to $419k (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newbury Elderly Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within NH. Charities of a similar size with the same main cause include Villa San Pedro HDC Inc ($418k), Danebod Village ($419k) and Margaret Home Inc ($418k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $5.7m against liabilities of $6.8m, net assets of -$1.2m.

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.