Beulah Land Development Corporation Inc

Analysis

Beulah Land Development Corporation Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2023, Beulah Land Development Corporation Inc reported income of $589k and spending of $204k, leaving 65% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income fell from $592k to $589k (-0.5%), an average of -0.2% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beulah Land Development Corporation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Seagoville Senior Citizens Home Inc ($588k), Sarah Daisy Garden Courts Inc ($589k) and Meadow Park Senior Housing Association ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.2m against liabilities of $513k, net assets of $650k. It reported 3 employees.