Sister Cecilia Schneider Community Housing Development Fund

Analysis

Sister Cecilia Schneider Community Housing Development Fund is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in January 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 December 2023, Sister Cecilia Schneider Community Housing Development Fund reported income of $482k and spending of $685k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $543k to $482k (-11%), an average of -2.9% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sister Cecilia Schneider Community Housing Development Fund 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 The Lynchburg Public Schools Education Foundation Inc ($482k), Hill Institute ($482k) and Columbus Charities ($482k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $39k. At year end it held assets of $2.0m against liabilities of $212k, net assets of $1.8m.

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.