H I R E Housing Development Fund Corporation

Analysis

H I R E Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, H I R E Housing Development Fund Corporation reported income of $423k and spending of $489k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $455k to $423k (-6.9%), an average of -1.8% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H I R E Housing Development Fund 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 Evangelical Lutheran Church in America ($423k), Waukesha County Youth Hockey Association Inc ($423k) and Woodrow Volunteer Fire Department Inc ($423k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 88% of the total. At year end it held assets of $2.2m against liabilities of $2.7m, net assets of -$466k.

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.