Sunset Park Housing Development Fund Company Inc

Analysis

Sunset Park Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2023, Sunset Park Housing Development Fund Company Inc reported income of $692k and spending of $645k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $640k to $692k (+8.2%), an average of +2.7% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sunset Park Housing Development Fund Company Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Camp Howe Inc ($692k), Nelson County Health Services Foundation ($692k) and East Oakland Boxing Association ($692k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $445k against liabilities of $629k, net assets of -$184k.