NLH 2

Analysis

NLH 2 is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in October 2001, 25 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, NLH 2 reported income of $135k and spending of $169k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $128k to $135k (+5.2%), an average of +1.7% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NLH 2 sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 40th percentile within NM. Charities of a similar size with the same main cause include St Edward the Confessor Conference ($135k), House of Restoration ($135k) and El Paso Las Puertas Abiertas Inc ($135k).

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 $851k against liabilities of $1.3m, net assets of -$479k.

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.