St Andrews Housing Dev Fund Co

Analysis

St Andrews Housing Dev Fund Co is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1981, 45 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 September 2023, St Andrews Housing Dev Fund Co reported income of $1.7m and spending of $1.7m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.7m (+6.8%), an average of +1.6% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Andrews Housing Dev Fund Co sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Madison Alexander Cooper and Martha Roane Cooper Foundation ($1.7m), Iron Workers Local Union No 172 Joint Apprenticeship Training ($1.7m) and Mother Seton House Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $5.4m against liabilities of $7.0m, net assets of -$1.6m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.