Neighborhood Housing Services of Waco Inc

Analysis

Neighborhood Housing Services of Waco Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 1994, 32 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 September 2023, Neighborhood Housing Services of Waco Inc reported income of $1.7m and spending of $1.7m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.7m (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Services of Waco Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Ailbe Senior Housing Corporation ($1.7m), The Mary Elizabeth House Inc a Ministry ($1.7m) and Stoneleigh Housing Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 23% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $473k (27% of expenses). Other salaries and wages came to $301k. At year end it held assets of $16.6m against liabilities of $9.4m, net assets of $7.2m. It reported 10 employees.