Clearwater Neighborhood Housing Services Inc

Analysis

Clearwater Neighborhood Housing Services Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Clearwater Neighborhood Housing Services Inc reported income of $1.7m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $290k to $1.7m (+481%), an average of +55% a year. The sharpest change came in the year to September 2022, when income rose by 311%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clearwater Neighborhood Housing Services Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Asifa-Hollywood ($1.7m), Hope Hospitality and Warming Center Inc ($1.7m) and Mommies in Need Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $144k (8.7% of expenses). Other salaries and wages came to $232k. At year end it held assets of $2.5m against liabilities of $1.0m, net assets of $1.5m. It reported 8 employees.