Walker Street Chung Pak Local Development

Analysis

Walker Street Chung Pak Local Development is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Walker Street Chung Pak Local Development reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.7m to $1.6m (-2.2%), an average of -0.5% a year. The sharpest change came in the year to April 2020, when income rose by 63%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walker Street Chung Pak Local Development sits at the 79th percentile: it is larger than about 79% 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 Hartford Village ($1.6m), Santa Clara Teacher Housing Foundation ($1.6m) and Bishop Kellenberg Gardns for Senior Citizen Housing Develp Fund Inc ($1.6m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $230k (14% of expenses). Other salaries and wages came to $82k. At year end it held assets of $10.4m against liabilities of $4.8m, net assets of $5.7m. It reported 2 employees.