NDC Housing and Economic Development Corporation

Analysis

NDC Housing and Economic Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 December 2022, NDC Housing and Economic Development Corporation reported income of $13.2m and spending of $11.8m, spending 89% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $9.0m to $13.2m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NDC Housing and Economic Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Beulah Community Nursing Home ($13.2m), Washington County Opportunities Inc ($13.2m) and Families & Children Together Inc ($13.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $30.3m against liabilities of $13.5m, net assets of $16.8m.