New Hull Street Housing Development Fund Company Inc

Analysis

New Hull 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 July 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hull Street Housing Development Fund Company Inc reported income of $379k and spending of $529k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $379k (+8.1%), an average of +2.0% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hull Street Housing Development Fund Company Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include GTBL Development Corp ($379k), Fresh Start Ministries of San Angelo ($379k) and George Gervin Retirement Apartments ($379k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $1.9m against liabilities of $2.7m, net assets of -$786k.

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.