Norway Area Non-Profit Housing Corporation

Analysis

Norway Area Non-Profit Housing Corporation is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in May 1996, 30 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 December 2023, Norway Area Non-Profit Housing Corporation reported income of $176k and spending of $194k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $176k (+5.9%), an average of +5.9% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Norway Area Non-Profit Housing Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include P B H Housing of Plainfield Inc ($176k), Network Housing 91 Inc ($176k) and Finish the Wall Inc ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $405k against liabilities of $650k, net assets of -$245k.