Neighborhood Lending Services Inc

Analysis

Neighborhood Lending Services Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1989, 37 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 March 2023, Neighborhood Lending Services Inc reported income of $2.8m and spending of $3.6m, spending 125% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $5.6m to $2.8m (-49%), an average of -16% a year. The sharpest change came in the year to March 2023, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Lending Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Housing Visions Unlimited Inc ($2.8m), Building Performance Institute Inc ($2.8m) and Habitat for Humanity of Cleveland ($2.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $24.1m against liabilities of $12.3m, net assets of $11.8m.