Thorpe Housing Development Fund Company Inc

Analysis

Thorpe Housing Development Fund Company Inc is a registered charity in United States, based in Sparkill, NY. It received its IRS tax-exemption ruling in July 1979, 47 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 September 2023, Thorpe Housing Development Fund Company Inc reported income of $4.0m and spending of $5.5m, spending 139% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $4.0m (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Thorpe Housing Development Fund Company Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Assisi Homes-Batavia Apartments Inc ($4.0m), Family Promise of Washington County ($4.0m) and Housing Solutions of Northern Arizona Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $483k. At year end it held assets of $19.9m against liabilities of $12.8m, net assets of $7.1m. It reported 14 employees.