Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc

Analysis

Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc reported income of $1.6m and spending of $1.1m, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bishop Gerald J Ryan Senior Citizen Housing Development Fund Co Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Childrens Health and Research Foundation Inc ($1.6m), Akas Darbar ($1.6m) and Lancaster County Council on Aging Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $125k. At year end it held assets of $3.2m against liabilities of $2.6m, net assets of $568k.