Newport Reno Supportive Housing Inc

Analysis

Newport Reno Supportive Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in August 2008, 18 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 June 2024, Newport Reno Supportive Housing Inc reported income of $145k and spending of $287k, spending 198% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $157k to $145k (-7.5%), an average of -1.9% a year. Over the whole period it spent 165% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newport Reno Supportive Housing Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Hope Station ($145k), Habitat for Humanity International Inc ($145k) and Clear Creek Court Community ($145k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $26k. At year end it held assets of $3.2m against liabilities of $52k, net assets of $3.1m.

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.