Salisbury Neighborhood Housing Service Inc

Analysis

Salisbury Neighborhood Housing Service Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Salisbury Neighborhood Housing Service Inc reported income of $780k and spending of $789k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $880k to $780k (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salisbury Neighborhood Housing Service Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Journal Square Special Improvement District Management Corporation ($780k), Next Century Inc ($780k) and Tremont West Development Corporation ($779k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $111k (14% of expenses). At year end it held assets of $5.4m against liabilities of $164k, net assets of $5.2m. It reported 5 employees.