NHT Communities

Analysis

NHT Communities is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NHT Communities reported income of $18.9m and spending of $16.1m, spending 85% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $5.2m to $18.9m (+263%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 217%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NHT Communities sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Sun Health Colonnade ($18.8m), Sunrise Northeast Inc ($18.9m) and Covenant Living of the Great Lakes ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 71% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $226.6m against liabilities of $174.6m, net assets of $52.0m.