El Cemi Housing Development Fund Co Inc

Analysis

El Cemi Housing Development Fund Co Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 1991, 35 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, El Cemi Housing Development Fund Co Inc reported income of $499k and spending of $604k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $465k to $499k (+7.4%), an average of +2.4% a year. Over the whole period it spent 144% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Cemi Housing Development Fund Co Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Wesley House Student Residence Inc ($499k), Hodge Memorial Day Care Center Inc ($499k) and Concord Residential Club Inc ($499k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $112k. At year end it held assets of $4.6m against liabilities of $1.3m, net assets of $3.3m.

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.