Rotterdam Housing Development Fund Company Inc

Analysis

Rotterdam Housing Development Fund Company Inc is a registered charity in United States, based in Rotterdam, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2024, Rotterdam Housing Development Fund Company Inc reported income of $278k and spending of $419k, spending 151% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $261k to $278k (+6.7%), an average of +1.6% a year. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rotterdam Housing Development Fund Company Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include New Hope Home Inc ($278k), United Way of Jefferson and N Walworth Counties Inc ($278k) and The California Forest Foundation ($278k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 80% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.6m against liabilities of $3.7m, 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.