Dupont Street Senior Housing Development Fund Corporation

Analysis

Dupont Street Senior Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1991, 35 years ago. 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 December 2022, Dupont Street Senior Housing Development Fund Corporation reported income of $1.1m and spending of $1.3m, spending 119% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.1m (+2.7%), an average of +0.9% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dupont Street Senior Housing Development Fund Corporation sits at the 79th percentile: it is larger than about 78% 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 Galena Art & Recreation Center ($1.1m), Jefferson County Community Ministries Incorporated ($1.1m) and Boy Scouts of America ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $170k. At year end it held assets of $3.2m against liabilities of $8.4m, net assets of -$5.2m. It reported 5 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.