80-92 Ridge Street Housing Development Fund Company Inc

Analysis

80-92 Ridge Street Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1990, 36 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, 80-92 Ridge Street Housing Development Fund Company Inc reported income of $2.7m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.7m (+15%), an average of +3.5% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 80-92 Ridge Street Housing Development Fund Company Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Colorado Statewide Parent Coalition ($2.7m), Oxbow ($2.7m) and Antelope Valley College Foundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $437k. At year end it held assets of $4.6m against liabilities of $5.7m, net assets of -$1.1m. It reported 4 employees.