384 Grand Street Housing Development Fund Company Inc

Analysis

384 Grand Street 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 November 1988, 38 years ago. 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 2022, 384 Grand Street Housing Development Fund Company Inc reported income of $749k and spending of $890k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $849k to $749k (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 308%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 384 Grand Street Housing Development Fund Company Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Angel Island Immigration Station Foundation ($749k), Boy Scouts of America ($749k) and Aspiring Scholars ($749k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 81% of the total. At year end it held assets of $6.2m against liabilities of $101k, net assets of $6.1m.