E C Housing Development Fund Company Inc

Analysis

E C Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1982, 44 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, E C Housing Development Fund Company Inc reported income of $2.2m and spending of $2.2m, spending 102% of its income. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, E C Housing Development Fund Company Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Aldo Leopold Foundation Inc ($2.2m), United Way Galveston County Mainland Inc ($2.2m) and Community Emergency Corps ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $93k. At year end it held assets of $2.8m against liabilities of $7.5m, net assets of -$4.8m. 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.