Neighborhood Housing Services of Southwest Wisconsin Inc

Analysis

Neighborhood Housing Services of Southwest Wisconsin Inc is a registered charity in United States, based in Richland Ctr, WI. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 Southwest Wisconsin Inc reported income of $616k and spending of $625k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $465k to $616k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Housing Services of Southwest Wisconsin Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Fair Hill International Three Day Event Inc ($616k), Penn-North Plaza Inc ($616k) and Lamoille Area Housing Corporation the ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $101k (16% of expenses). Other salaries and wages came to $147k. At year end it held assets of $5.0m against liabilities of $3.1m, net assets of $1.9m. It reported 7 employees.

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.