Marshall Court Housing Development Fund Corporation

Analysis

Marshall Court Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Marshall Court Housing Development Fund Corporation reported income of $594k and spending of $753k, spending 127% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $564k to $594k (+5.3%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. 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, Marshall Court Housing Development Fund Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Apostolic Faith Church Bible College Inc ($594k), Friends of the Fairfax County Animal Shelter ($594k) and Mercy Terrace Apartments ($594k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $777k, net assets of $1.3m.

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.