St Lukes Williamsbrige Housing Development Fund Company Inc

Analysis

St Lukes Williamsbrige Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1917, 109 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Lukes Williamsbrige Housing Development Fund Company Inc reported income of $1.4m and spending of $40k, leaving 97% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.4m (+38%), an average of +8.3% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 1.9% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lukes Williamsbrige Housing Development Fund Company Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Vermont Rural Water Association ($1.4m), Penguin Club ($1.4m) and Teamster Rank and File Education and Legal Defense Foundation ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $17.5m against liabilities of $23k, net assets of $17.4m.