N B C U S a Housing Inc Twenty Three

Analysis

N B C U S a Housing Inc Twenty Three is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, N B C U S a Housing Inc Twenty Three reported income of $196k and spending of $249k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $196k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, N B C U S a Housing Inc Twenty Three sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Families of Children with Cancer Inc ($196k), Golden Valley County Council on Aging ($196k) and By the Way Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $459k against liabilities of $1.5m, net assets of -$1.0m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.