Bec New Communities Housing Development Fund Company Inc

Analysis

Bec New Communities Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1984, 42 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 December 2023, Bec New Communities Housing Development Fund Company Inc reported income of $145k and spending of $172k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $145k (+141%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 428%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bec New Communities Housing Development Fund Company Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Biblical Concepts Group Home ($145k), Fort Hill Avenue Inc ($145k) and LSS Housing North Willow Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $65k against liabilities of $2,380, net assets of $63k. It reported 2 employees.