Neighborhood Housing Services of Minneapolis Inc

Analysis

Neighborhood Housing Services of Minneapolis Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1980, 46 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 Minneapolis Inc reported income of $84k and spending of $212k, spending 253% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $120k to $84k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 210% 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 Minneapolis Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Creative Housing Inc V ($84k), Westgate Housing Inc ($84k) and Pine Meadows Senior Housing ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 44% of the total. At year end it held assets of $2.7m against liabilities of $33k, net assets of $2.7m.

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.