Pitt Street Housing Development Fund Corporation

Analysis

Pitt Street Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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, Pitt Street Housing Development Fund Corporation reported income of $574k and spending of $513k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $405k to $574k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pitt Street Housing Development Fund Corporation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Government Accountability & Oversight ($574k), Bartow Community Healthcare Foundation Inc ($574k) and Clatsop Community College Foundation ($574k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $137k. At year end it held assets of $3.3m against liabilities of $2.8m, net assets of $425k.