Dowling Housing Corp

Analysis

Dowling Housing Corp is a registered charity in United States, based in Sparkill, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dowling Housing Corp reported income of $262k and spending of $315k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $262k (+150%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 1982%. Over the whole period it spent 302% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dowling Housing Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include L I F E Ministries Inc ($262k), Cumberland County Association for Indian People Inc ($262k) and Moving for Life Inc ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 72% of the total. At year end it held assets of $7.5m against liabilities of $12.6m, net assets of -$5.2m.

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.