Pio Mendez Housing Development Fund Company

Analysis

Pio Mendez Housing Development Fund Company is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1987, 39 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 December 2023, Pio Mendez Housing Development Fund Company reported income of $484k and spending of $250, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $484k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 0.1% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pio Mendez Housing Development Fund Company sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Ford K Sayre Memorial Ski Council ($484k), Belvedere Cove Foundation ($484k) and American Chemical Society ($484k).

At year end it held assets of $9.8m against liabilities of $15k, net assets of $9.8m.