Concorse Gardens Housing Development Fund Company Inc

Analysis

Concorse Gardens 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 February 1993, 33 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 June 2023, Concorse Gardens Housing Development Fund Company Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.0m (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concorse Gardens Housing Development Fund Company Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Connecticut Cancer Foundation Inc ($2.0m), Mayslake East Wing ($2.0m) and Mt Tremper Outdoor Ministries Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $284k. At year end it held assets of $6.3m against liabilities of $10.7m, net assets of -$4.4m. It reported 10 employees.