Thea Bowman F S P a Housing Development Fund Company Inc

Analysis

Thea Bowman F S P a Housing Development Fund Company Inc is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in July 1994, 32 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 September 2023, Thea Bowman F S P a Housing Development Fund Company Inc reported income of $930k and spending of $730k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $597k to $930k (+56%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thea Bowman F S P a Housing Development Fund Company Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Homestead Development Corp ($930k), 445v Vip Housing Development Fund Corporation ($931k) and Webster Housing for the Elderly Inc ($930k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $51k. At year end it held assets of $3.2m against liabilities of $711k, net assets of $2.5m.