Project Linkage Housing Development Fund Corporation

Analysis

Project Linkage Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Project Linkage Housing Development Fund Corporation reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.2m (+123%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Linkage Housing Development Fund Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Communityworks North Dakota ($2.2m), Overmont Corp ($2.2m) and Largo Landing Elderly Developments ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $118k. At year end it held assets of $4.7m against liabilities of $7.6m, net assets of -$2.8m.