Concourse House Housing Development Fund Company Inc

Analysis

Concourse House Housing Development Fund Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 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 June 2023, Concourse House Housing Development Fund Company Inc reported income of $6.4m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $6.4m (+90%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Concourse House Housing Development Fund Company Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Ka Mana O Na Helu ($6.4m), Paving the Way Foundation ($6.4m) and Habitat for Humanity International Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $248k (3.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.6m against liabilities of $3.0m, net assets of $1.6m. It reported 100 employees.