145 So 3rd Street Housing Development Fund Corporation

Analysis

145 So 3rd Street Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2003, 23 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, 145 So 3rd Street Housing Development Fund Corporation reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $915k to $1.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 145 So 3rd Street Housing Development Fund Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Interfaith Housing Inc ($1.3m), Baptist Retirement Homes Foundation ($1.3m) and Presbyterian Apartments of North ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7.6m against liabilities of $10.2m, net assets of -$2.6m.