Ngip

Analysis

Ngip is a registered charity in United States, based in Levittown, NY. It received its IRS tax-exemption ruling in October 2015, 11 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, Ngip reported income of $55k and spending of $68k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $55k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ngip sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Bay Village Endowment Fund ($55k), Home on Whidbey a Community Land Trust ($55k) and Logan County Homeless Shelter ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $651k against liabilities of $208k, net assets of $443k.

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.