Neighborhood Housing Partnership of Greater Springfield Inc

Analysis

Neighborhood Housing Partnership of Greater Springfield Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Neighborhood Housing Partnership of Greater Springfield Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $731k to $1.0m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Housing Partnership of Greater Springfield Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include South LA Community Foundation ($1.0m), Downtown Tempe Foundation ($1.0m) and Nonprofit Risk Management Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $219k (20% of expenses). Other salaries and wages came to $267k. At year end it held assets of $4.2m against liabilities of $2.3m, net assets of $1.8m. It reported 9 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.