West End Residences HDFC Inc

Analysis

West End Residences HDFC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1997, 29 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, West End Residences HDFC Inc reported income of $6.2m and spending of $4.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $6.2m (+16%), an average of +3.9% a year. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West End Residences HDFC Inc sits at the 92nd 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 Riverton Community Housing ($6.2m), Menorah Park ($6.2m) and Nashville Safe Haven Family Shelter ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $393k (8.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.2m against liabilities of $1.7m, net assets of $5.5m. It reported 85 employees.