Spiti Housing Development Fund Company Inc

Analysis

Spiti Housing Development Fund Company Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, Spiti Housing Development Fund Company Inc reported income of $274k and spending of $128k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $310k to $274k (-12%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Spiti Housing Development Fund Company Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Marion Senior Living Inc ($274k), Episcopal Commons Inc ($274k) and Community Home Builders Associates ($274k).

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 $4.9m against liabilities of $14k, net assets of $4.9m.