573 Warren Street HD FC

Analysis

573 Warren Street HD FC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1993, 33 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 December 2023, 573 Warren Street HD FC reported income of $331k and spending of $279k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $331k (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 573 Warren Street HD FC sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Commonwealth Catholic Charities Housing Corp ($331k), Glenmoira Inc ($331k) and Rodney Scheel House Foundation Ltd ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.0% of the total. At year end it held assets of $425k against liabilities of $9,918, net assets of $415k.