440 East 182 Street HDFC

Analysis

440 East 182 Street 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, 440 East 182 Street HDFC reported income of $676k and spending of $483k, leaving 29% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $438k to $676k (+54%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 440 East 182 Street HDFC sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ahepa 29 Phase III Inc ($676k), Merrimack Valley Housing Partnership Inc ($676k) and Vicksburg Elderly Housing Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.6m against liabilities of $102k, net assets of $1.5m.