Asian-American Housing Development Fund Company Inc

Analysis

Asian-American 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 March 1987, 39 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 December 2023, Asian-American Housing Development Fund Company Inc reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+15%), an average of +3.7% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asian-American Housing Development Fund Company Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Purchase Senior Learning Community Inc ($2.4m), Community Development & Improvement Corporation ($2.4m) and Wesley Tower Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. At year end it held assets of $13.5m against liabilities of $9.1m, net assets of $4.3m.