Joseph J Yancy Jr Housing Development Fund Company Inc

Analysis

Joseph J Yancy Jr 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 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Joseph J Yancy Jr Housing Development Fund Company Inc reported income of $1.3m and spending of $1.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+7.6%), an average of +1.8% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joseph J Yancy Jr 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 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Senior Services Management Group Inc ($1.3m), Northwest Arkansas Womens Resources Inc ($1.3m) and Urban Mobility Group ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $192k. At year end it held assets of $3.6m against liabilities of $6.2m, net assets of -$2.6m. It reported 4 employees.