Woodysun Housing Development Fund Corporation

Analysis

Woodysun Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1980, 46 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 2023, Woodysun Housing Development Fund Corporation reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Woodysun Housing Development Fund Corporation 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 County 310 Board ($1.7m), Sportmens Club of Fort Worth ($1.7m) and Colorado Institute of Developmental Pediatrics Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $167k. At year end it held assets of $2.9m against liabilities of $4.4m, net assets of -$1.6m. It reported 3 employees.