Norwegian Christian Home Foundation

Analysis

Norwegian Christian Home Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2008, 18 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 December 2023, Norwegian Christian Home Foundation reported income of $224k and spending of $191k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $390k to $224k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 200%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Norwegian Christian Home Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Family Promise of Tulsa County ($223k), Duluth Harbor Mission Inc ($224k) and Boston Post Road Housing Development Fund Corporation ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $4.4m against liabilities of $325k, net assets of $4.1m.