N L Resort Inc

Analysis

N L Resort Inc is a registered charity in United States, based in Kingshill, VI. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, N L Resort Inc reported income of $249k and spending of $258k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $249k (+41%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, N L Resort Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within VI. Charities of a similar size with the same main cause include Chambersburg Housing Inc ($249k), Tecumseh Road Housing Development Fund Company Inc ($249k) and Admiral Housing ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.7% of the total. Other salaries and wages came to $33k. At year end it held assets of $2.2m against liabilities of $2.5m, net assets of -$360k. It reported 1 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.