Milltwee Housing Development Fund Company Inc

Analysis

Milltwee 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 January 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Milltwee Housing Development Fund Company Inc reported income of $962k and spending of $1.3m, spending 130% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $962k (-4.4%), an average of -1.1% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milltwee Housing Development Fund Company Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Rebuilding Together Thurston County ($962k), Phase Housing Corporation Inc ($963k) and Lawndale Senior Housing Inc ($962k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $116k. At year end it held assets of $3.5m against liabilities of $5.5m, net assets of -$2.0m. 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.