Timpson Housing Development Fund Corporation

Analysis

Timpson Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 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, Timpson Housing Development Fund Corporation reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.6m to $2.6m (-0.2%), an average of -0.1% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timpson Housing Development Fund Corporation sits at the 87th percentile: it is larger than about 87% 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 Catholic Eldercare Community Foundation Inc ($2.6m), Pelican Institute for Public Policy ($2.6m) and Pregnancy Support Network ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $266k. At year end it held assets of $7.0m against liabilities of $10.7m, net assets of -$3.7m. It reported 8 employees.