2246 Webster Avenue HDFC

Analysis

2246 Webster 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, 2246 Webster Avenue HDFC reported income of $311k and spending of $306k, spending 98% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $263k to $311k (+18%), an average of +3.4% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2246 Webster Avenue HDFC sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include 3rd and Goal Foundation ($311k), Ncar Housing Opportunity Foundation ($311k) and Riverview Avenue Apartments Housing Development Fund Company Inc ($310k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $865k against liabilities of $58k, net assets of $807k.