New Pisgah Haven Homes

Analysis

New Pisgah Haven Homes is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, New Pisgah Haven Homes reported income of $5.3m and spending of $1.2m, leaving 77% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.0m to $5.3m (+414%), an average of +51% a year. The sharpest change came in the year to May 2023, when income rose by 398%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Pisgah Haven Homes sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Rebuilding Together Pittsburgh ($5.3m), Neighborhood Development Corp ($5.3m) and Neighborhood Housing Services of Green Bay Inc ($5.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $87k (7.1% of expenses). Other salaries and wages came to $287k. At year end it held assets of $3.0m against liabilities of $125k, net assets of $2.8m. It reported 21 employees.