Everlasting Pine Housing Development Fund Company Inc

Analysis

Everlasting Pine 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 December 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Everlasting Pine Housing Development Fund Company Inc reported income of $1.6m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.6m to $1.6m (+2.3%), an average of +0.6% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Everlasting Pine Housing Development Fund Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Independence Center of Ste Genevieve County LLC ($1.6m), James Lenox House Inc ($1.6m) and Orinda Senior Housing Foundation ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $2.6m against liabilities of $7.4m, net assets of -$4.8m.