931-933 Columbus Avenue Housing Development Fund Corporation

Analysis

931-933 Columbus Avenue Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 2023, 931-933 Columbus Avenue Housing Development Fund Corporation reported income of $517k and spending of $335k, leaving 35% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $468k to $517k (+10%), an average of +5.1% a year. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 931-933 Columbus Avenue Housing Development Fund Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($517k), Crains Creek Volunteer Fire Department ($517k) and Korean School of New Jersey ($517k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $2.5m against liabilities of $71k, net assets of $2.4m.