45th Ave Housing Co

Analysis

45th Ave Housing Co is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1968, 58 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 March 2023, 45th Ave Housing Co reported income of $368k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $341k to $368k (+8.0%), an average of +1.9% a year. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 45th Ave Housing Co sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Rotary Manor Inc ($368k), Highwood Apartments Inc ($368k) and Mobridge Regional Health Care Foundation ($368k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $13.1m against liabilities of $0, net assets of $13.1m.