323 Houston Street Corporation

Analysis

323 Houston Street Corporation is a registered charity in United States, based in New York, 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, 323 Houston Street Corporation reported income of $431k and spending of $490k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $204k to $431k (+111%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 649%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 323 Houston Street Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Nicolet High School Foundation Inc ($431k), Notre Dame High School of Batavia Educational Foundation Inc ($431k) and Allen County Historical Society ($431k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $2.8m against liabilities of $302k, net assets of $2.5m.