660 Crescent Avenue HDFC

Analysis

660 Crescent Avenue HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2001, 25 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, 660 Crescent Avenue HDFC reported income of $391k and spending of $375k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $391k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 660 Crescent Avenue HDFC sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Bluelight Development Group Inc ($391k), Jacksonville Gardens Inc ($391k) and Adirondack Community Housing Trust ($390k).

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 $1.2m against liabilities of $76k, net assets of $1.1m.