Neighborhood Housing Inc

Analysis

Neighborhood Housing Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Neighborhood Housing Inc reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Neighborhood Housing Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Stewarts Foundation ($2.1m), Tompkins Charitable Gift Fund Inc ($2.1m) and Washington Progress Fund ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $293k. At year end it held assets of $459k against liabilities of $245k, net assets of $214k. It reported 1 employees.