N B C U S a Housing Inc Eight

Analysis

N B C U S a Housing Inc Eight is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 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 Eight reported income of $304k and spending of $300k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $304k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 96% 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 Eight sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within LA. Charities of a similar size with the same main cause include Harbor of Hope Mission ($304k), Linn County Council of Aging Inc ($305k) and Central New York Laborers Training Fund ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.0m against liabilities of $1.3m, net assets of -$221k. It reported 3 employees.