Windmill Housing Development Fund Company Inc

Analysis

Windmill Housing Development Fund Company Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in September 1986, 40 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 2023, Windmill Housing Development Fund Company Inc reported income of $863k and spending of $843k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $787k to $863k (+9.6%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Windmill Housing Development Fund Company Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Scott County Hospitality House Inc ($863k), Medford Community Center Inc ($863k) and Gulf Coast Heron Housing Inc ($863k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $74k (8.8% of expenses). Other salaries and wages came to $237k. At year end it held assets of $581k against liabilities of $1.6m, net assets of -$988k. It reported 9 employees.