Nicholas House Inc

Analysis

Nicholas House Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 1988, 38 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 August 2023, Nicholas House Inc reported income of $2.1m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $2.1m (-8.4%), an average of -2.2% a year. The sharpest change came in the year to August 2021, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nicholas House Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Partner Perth Amboy Redevelopment Team for Neighborhood Enterprise ($2.1m), Park Parthenia Non-Profit Calif Corp ($2.1m) and Linden Knoll Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $139k (6.7% of expenses). Other salaries and wages came to $628k. It paid $40k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $148k, net assets of $1.4m. It reported 37 employees.