Northeast Housing Inc

Analysis

Northeast Housing Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Northeast Housing Inc reported income of $147k and spending of $225k, spending 153% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $363k to $147k (-60%), an average of -60% a year. The sharpest change came in the year to June 2023, when income dropped by 60%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include SS Peter and Pauls Educational Foundation ($147k), Community Housing Services Inc ($147k) and Westchester Childrens Chorus Inc ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $27k. At year end it held assets of $537k against liabilities of $904k, net assets of -$367k.