Grand Street Guild HDFC Inc

Analysis

Grand Street Guild HDFC Inc is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in March 2007, 19 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 June 2024, Grand Street Guild HDFC Inc reported income of $10.3m and spending of $10.6m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $9.2m to $10.3m (+12%), an average of +2.3% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Street Guild HDFC Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Invest DSM ($10.3m), East Oakland Community Project ($10.3m) and Lifting Up Westchester Inc ($10.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $601k. At year end it held assets of $31.5m against liabilities of $58.3m, net assets of -$26.8m. It reported 29 employees.