NHP Foundation

Analysis

NHP Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, NHP Foundation reported income of $74.5m and spending of $36.2m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.4m to $74.5m (+248%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NHP Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Massachusetts Housing Investment Corp ($73.6m), Corporation for Supportive Housing ($75.3m) and Wisconsin Housing Preservation Corp ($73.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $3.0m (8.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $426.6m against liabilities of $160.1m, net assets of $266.5m. It reported 68 employees.