NSP III Inc

Analysis

NSP III Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 2016, 10 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, NSP III Inc reported income of $233k and spending of $308k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $233k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NSP III Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Dickinson Senior Housing Inc ($233k), Chestnut Manor Association ($234k) and No Limits Incorporated ($233k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $36k. At year end it held assets of $2.4m against liabilities of $63k, net assets of $2.3m.

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.