Dynamics Hostels Residence Corporation

Analysis

Dynamics Hostels Residence Corporation is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dynamics Hostels Residence Corporation reported income of $343k and spending of $287k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $391k to $343k (-12%), an average of -3.2% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dynamics Hostels Residence Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Casa Carino ($343k), National Church Residences of ($343k) and Habitat for Humanity of Southwest Montana Inc ($343k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $620k against liabilities of $472k, net assets of $148k.