Blue Mountain Housing Development Corp Inc

Analysis

Blue Mountain Housing Development Corp Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in September 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, Blue Mountain Housing Development Corp Inc reported income of $69k and spending of $70k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $69k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blue Mountain Housing Development Corp Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include National Football Foundation and College Hall of Fame Inc ($69k), Delta Advocacy Foundation ($69k) and St Marys Hospital Auxiliary Inc St Marys Hospital ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $857k against liabilities of $160k, net assets of $697k.