Kianga House Housing Development Fund Company Inc

Analysis

Kianga House 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 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2022, Kianga House Housing Development Fund Company Inc reported income of $1.0m and spending of $877k, spending 85% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $765k to $1.0m (+35%), an average of +10% a year. The sharpest change came in the year to August 2020, when income rose by 29%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kianga House Housing Development Fund Company Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Source of Light and Hope Development Center Inc ($1.0m), Cruces Creatives ($1.0m) and Housing Services Alliance Inc ($1.0m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $419k. At year end it held assets of $402k against liabilities of $264k, net assets of $138k. It reported 13 employees.