Whalebone Housing Development Fund Company Inc

Analysis

Whalebone 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 May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Whalebone Housing Development Fund Company Inc reported income of $975k and spending of $1.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $930k to $975k (+4.9%), an average of +1.2% 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, Whalebone Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% 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 Community Reconstruction Inc ($975k), Beaumont Senior Citizens Housing Inc ($975k) and Grace Resources Inc ($974k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $217k. At year end it held assets of $992k against liabilities of $2.3m, net assets of -$1.3m. It reported 4 employees.