Corvallis Neighborhood Housing Services Inc

Analysis

Corvallis Neighborhood Housing Services Inc is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Corvallis Neighborhood Housing Services Inc reported income of $19.9m and spending of $14.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $19.9m (+206%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corvallis Neighborhood Housing Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include United Methodist Western Kansas Mexican-American Ministries Inc ($19.9m), A New Leaf Inc ($19.9m) and Catholic Health Services Inc ($19.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $455k (3.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $65.4m against liabilities of $19.7m, net assets of $45.7m. It reported 111 employees.