Nlh5 Inc

Analysis

Nlh5 Inc is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in February 2005, 21 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 June 2023, Nlh5 Inc reported income of $112k and spending of $144k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $122k to $112k (-8.4%), an average of -2.9% a year. 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, Nlh5 Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 35th percentile within NM. Charities of a similar size with the same main cause include St Charles Place Manor Inc ($112k), Center Housing Development Fund Corporation II ($112k) and LA Frontera Housing Incorporated ($112k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $977k against liabilities of $1.4m, net assets of -$468k.

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.