Habitat for Humanity-New York Inc

Analysis

Habitat for Humanity-New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1999, 27 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, Habitat for Humanity-New York Inc reported income of $5.7m and spending of $7.6m, spending 134% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.7m (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity-New York Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include The Jewish Home and Senior Living Foundation ($5.7m), Cornerstone Housing for Adults with Disabilities ($5.7m) and Affordable Senior Housing Foundation ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $995k (13% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $15.9m against liabilities of $12.8m, net assets of $3.2m. It reported 59 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.