Queens Bnai Brith Housing Developement Fund Co Inc

Analysis

Queens Bnai Brith Housing Developement Fund Co Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2024, Queens Bnai Brith Housing Developement Fund Co Inc reported income of $3.8m and spending of $3.8m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.5m to $3.8m (+9.6%), an average of +2.3% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Queens Bnai Brith Housing Developement Fund Co Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Siena on the Lake Inc ($3.8m), Northeast Brooklyn Housing Development Corporation ($3.8m) and Pine Woods Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $614k. At year end it held assets of $4.4m against liabilities of $5.4m, net assets of -$955k. It reported 9 employees.

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.