NHS Neighborhood Lending Services

Analysis

NHS Neighborhood Lending Services is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, NHS Neighborhood Lending Services reported income of $6.4m and spending of $5.3m, spending 83% of its income. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NHS Neighborhood Lending Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Santa Cruz County Veterans Memorial Building Board of Trustee ($6.4m), Chesco Inc ($6.4m) and Southeast Ark Economic Development Dist Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $36.5m against liabilities of $6.8m, net assets of $29.7m.