456 West 129 Street Housing Corp

Analysis

456 West 129 Street Housing Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1993, 33 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, 456 West 129 Street Housing Corp reported income of $2.2m and spending of $2.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-1.3%), an average of -0.3% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 456 West 129 Street Housing Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Orlean and Ralph W Beeson Fund ($2.2m), Pauquette Area Elderly Housing Corporation ($2.2m) and Old Globe Endowment Trust ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $263k against liabilities of $85k, net assets of $178k. It reported 40 employees.