Fairbanks Neighborhood Housing Services Inc

Analysis

Fairbanks Neighborhood Housing Services Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1993, 33 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 2024, Fairbanks Neighborhood Housing Services Inc reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.2m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairbanks Neighborhood Housing Services Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within AK. Charities of a similar size with the same main cause include Big Bend Habitat for Humanity Inc ($1.2m), Canandaigua Housing Development Fund Company Inc ($1.2m) and Celiaway Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $131k (12% of expenses). Other salaries and wages came to $131k. At year end it held assets of $8.0m against liabilities of $4.3m, net assets of $3.6m. It reported 5 employees.