Northwest Coastal Housing

Analysis

Northwest Coastal Housing is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in January 1997, 29 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 December 2023, Northwest Coastal Housing reported income of $9.1m and spending of $2.1m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $981k to $9.1m (+831%), an average of +75% a year. The sharpest change came in the year to December 2021, when income rose by 417%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Coastal Housing sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Operation New Hope ($9.1m), Jammat Housing and Community Development Corporation ($9.1m) and Corporation for Better Housing ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $80k (3.9% of expenses). Other salaries and wages came to $583k. At year end it held assets of $21.8m against liabilities of $9.0m, net assets of $12.8m. It reported 24 employees.