Ega Hall Housing Development Fund Corporation

Analysis

Ega Hall Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ega Hall Housing Development Fund Corporation reported income of $473k and spending of $598k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $502k to $473k (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ega Hall Housing Development Fund Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Ahepa 78 Phase II Inc ($473k), Natures Classroom Institute of Wisconsin Inc ($473k) and East Millinocket Housing Corp ($473k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $127k. At year end it held assets of $1.1m against liabilities of $3.7m, net assets of -$2.6m. It reported 2 employees.