Council Towers II Housing Development Fund Corporation

Analysis

Council Towers II Housing Development Fund Corporation is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Council Towers II Housing Development Fund Corporation reported income of $2.4m and spending of $2.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.4m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Council Towers II Housing Development Fund Corporation sits at the 73rd percentile: it is larger than about 73% 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 Victor-Farmington Volunteer Ambulance Corps Inc ($2.4m), American Autoimmune Related Diseases Association ($2.4m) and Cloud Peak Counseling Center ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $5.0m against liabilities of $14.1m, net assets of -$9.1m.