Neighborhood Housing Services of Beloit Inc

Analysis

Neighborhood Housing Services of Beloit Inc is a registered charity in United States, based in Beloit, WI. It received its IRS tax-exemption ruling in May 1979, 47 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, Neighborhood Housing Services of Beloit Inc reported income of $586k and spending of $562k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $586k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Services of Beloit Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include North Bergen Renaissance Corporation ($585k), Agape Houston House Inc ($587k) and Greencastle of Loves Park Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $76k (14% of expenses). Other salaries and wages came to $199k. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.4m. It reported 6 employees.