Town of Islip Housing Development Corporation

Analysis

Town of Islip Housing Development Corporation is a registered charity in United States, based in Oakdale, NY. It received its IRS tax-exemption ruling in April 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Town of Islip Housing Development Corporation reported income of $168k and spending of $117k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $168k (+379%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 171% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Town of Islip Housing Development Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Good Shepherd of Washington ($168k), Hempfield Apartments South ($168k) and Rebuilding Hope Inc ($168k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $1.7m against liabilities of $54k, net assets of $1.7m.