Neighborhood Housing Services of Toledo Inc

Analysis

Neighborhood Housing Services of Toledo Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in June 1978, 48 years ago. 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 Services of Toledo Inc reported income of $7.0m and spending of $8.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $7.0m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Housing Services of Toledo Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Parkside School ($7.0m), High Line Canal Conservancy ($7.0m) and Talmudic College of Florida Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $198k (2.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $14.4m against liabilities of $8.6m, net assets of $5.8m. It reported 98 employees.