Nho Management Inc

Analysis

Nho Management Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 1999, 27 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Nho Management Inc reported income of $1.2m and spending of $1.5m, spending 123% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $885k to $1.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to March 2021, when income rose by 102%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nho Management Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Fair Housing Opportunities of Northwest Ohio Inc ($1.2m), Franciscan Communities Inc II ($1.2m) and My Place Home for the Homeless ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $25k (1.6% of expenses). Other salaries and wages came to $81k. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 4 employees.