Clinton Housing Development Company Inc

Analysis

Clinton Housing Development Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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, Clinton Housing Development Company Inc reported income of $6.7m and spending of $6.8m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $4.1m to $6.7m (+63%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Clinton Housing Development Company Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Central Council of the Society of St Vincent de Paul in the Diocese ($6.7m), Collaborative Support Services Inc ($6.7m) and Northern California Child Development Inc ($6.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $219k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $133.3m against liabilities of $94.7m, net assets of $38.6m. It reported 157 employees.