N B C U S a Housing Inc Ten

Analysis

N B C U S a Housing Inc Ten is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 December 2023, N B C U S a Housing Inc Ten reported income of $207k and spending of $231k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $207k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, N B C U S a Housing Inc Ten 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 55th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($207k), Nonzero Foundation Inc ($207k) and Vetlife ($207k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $308k against liabilities of $788k, net assets of -$480k. It reported 3 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.