Neighborhood Housing Renewal Corporation III

Analysis

Neighborhood Housing Renewal Corporation III is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Neighborhood Housing Renewal Corporation III reported income of $827k and spending of $910k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $834k to $827k (-0.8%), an average of -0.2% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborhood Housing Renewal Corporation III sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Glide Economic Development Corporation ($827k), Osage County Community Living Inc ($827k) and Unity Point Counseling and Resource Center Inc ($827k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $105k. At year end it held assets of $2.4m against liabilities of $4.6m, net assets of -$2.1m.

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.