Salt Lake Neighborhood Housing Services Inc

Analysis

Salt Lake Neighborhood Housing Services Inc is a registered charity in United States, based in SLC, UT. It received its IRS tax-exemption ruling in November 1978, 48 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, Salt Lake Neighborhood Housing Services Inc reported income of $3.7m and spending of $3.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.7m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 383%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salt Lake Neighborhood Housing Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within UT. Charities of a similar size with the same main cause include Topeka Rescue Mission Inc ($3.7m), City Square Elderly Housing Inc ($3.7m) and Arbor Ridge at Brookmeade Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $263k (7.4% of expenses). Other salaries and wages came to $692k. At year end it held assets of $57.0m against liabilities of $30.8m, net assets of $26.1m. It reported 27 employees.