Peconic United Methodist Housing Development Fund Company Inc

Analysis

Peconic United Methodist Housing Development Fund Company Inc is a registered charity in United States, based in Riverhead, NY. It received its IRS tax-exemption ruling in April 1987, 39 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, Peconic United Methodist Housing Development Fund Company Inc reported income of $1.0m and spending of $79k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $1.0m (+1744%), an average of +107% a year. The sharpest change came in the year to December 2023, when income rose by 27498%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Peconic United Methodist Housing Development Fund Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.0m), Assisi Homes-Downers Place Inc ($1.0m) and Carmel Residence Inc ($1000k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.