Antioch Development Corporation

Analysis

Antioch Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1998, 28 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 2022, Antioch Development Corporation reported income of $96k and spending of $98k, spending 101% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $456k to $96k (-79%), an average of -54% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Antioch Development Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Thi-5 ($96k), Housing Opportunities Mader Easier ($96k) and Thi-10 ($96k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 10% of the total. Other salaries and wages came to $38k. At year end it held assets of $598k against liabilities of $343k, net assets of $255k. It reported 15 employees.