Teams Housing Development Fund Company Inc

Analysis

Teams Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 September 2023, Teams Housing Development Fund Company Inc reported income of $331k and spending of $175k, leaving 47% of income unspent that year. Across the 6 years on record, from September 2016 to September 2023, income grew from $2,500 to $331k (+13140%), an average of +166% a year. The sharpest change came in the year to September 2022, when income rose by 11507%. Over the whole period it spent 41% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teams Housing Development Fund Company Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Horses Spirits Healing Inc ($331k), Mann House Inc ($331k) and Red Devils Inc ($331k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $408k against liabilities of $0, net assets of $408k.