Northwestern Housing Enterprises Incorporated

Analysis

Northwestern Housing Enterprises Incorporated is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northwestern Housing Enterprises Incorporated reported income of $5.9m and spending of $3.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.9m (+72%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwestern Housing Enterprises Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include C-Hp Cove Inc ($5.9m), House of David Preservation Inc ($5.9m) and Neighborhood Coalition for Shelter Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. At year end it held assets of $24.7m against liabilities of $15.7m, net assets of $9.0m.