218-220-222 West 141 Street Housing Corp

Analysis

218-220-222 West 141 Street Housing Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, 218-220-222 West 141 Street Housing Corp reported income of $531k and spending of $544k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $384k to $531k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 218-220-222 West 141 Street Housing Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Friendship Manor Housing Development Fund Company Inc ($531k), Franklinton Rising ($531k) and Nysd Forsyth Housing Development Fund Company Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $52k. At year end it held assets of $982k against liabilities of $3.5m, net assets of -$2.5m. It reported 3 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.