George Daly Housing Development Fund Company Inc

Analysis

George Daly 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 May 1990, 36 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, George Daly Housing Development Fund Company Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.7m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George Daly Housing Development Fund Company Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Rural Innovations in Social Economics Inc ($2.7m), CBM Ministries ($2.7m) and Lotus School for Excellence Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (1.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $915k against liabilities of $907k, net assets of $8,434. It reported 56 employees.