10th and 51st Housing Development Fund Company Inc

Analysis

10th and 51st 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 June 1986, 40 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 June 2023, 10th and 51st Housing Development Fund Company Inc reported income of $3.3m and spending of $2.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $3.3m (-1.0%), an average of -0.3% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 10th and 51st Housing Development Fund Company Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Consortium for Public Education ($3.3m), Syracuse Health Science Center Medical Alumni Foundation Inc ($3.3m) and Mesivta Ahavas Hatorah Dlakewood Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Other salaries and wages came to $343k. At year end it held assets of $7.0m against liabilities of $5.7m, net assets of $1.3m. It reported 9 employees.