The Greater Hunts Point Economic Development Corporation

Analysis

The Greater Hunts Point Economic Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Greater Hunts Point Economic Development Corporation reported income of $73k and spending of $17k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $73k (+4.8%), an average of +4.8% a year. Over the whole period it spent 25% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Greater Hunts Point Economic Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Incspire Inc ($73k), Shepherdstown Community Club Inc ($73k) and Urban Jobs Task Force of Syracuse Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $302k, net assets of -$185k.