Crystal Run Owner Corporation

Analysis

Crystal Run Owner Corporation is a registered charity in United States, based in Middletown, NY. It received its IRS tax-exemption ruling in March 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 June 2023, Crystal Run Owner Corporation reported income of $302k and spending of $444k, spending 147% of what it took in. Across the 6 years on record, from April 2019 to June 2023, income fell from $325k to $302k (-7.0%), an average of -1.5% a year. The sharpest change came in the year to June 2023, when income rose by 573%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Crystal Run Owner Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Jerusalem Judson Meadows Inc ($302k), RVM Reedsport Housing Corporation ($302k) and Jami-Douglas Housing Corp ($301k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $2.9m, net assets of -$1.4m.

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.