Euclid Hall Housing Development Fund Company Inc

Analysis

Euclid Hall 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 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Euclid Hall Housing Development Fund Company Inc reported income of $3.8m and spending of $4.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.8m (+16%), an average of +3.9% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Euclid Hall Housing Development Fund Company Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Emc Health Inc ($3.8m), Blue Ridge Christian Home Corporation ($3.8m) and Center for Public Integrity ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 96% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $30.1m against liabilities of $24.4m, net assets of $5.7m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.