New Walton Avenue HDFC

Analysis

New Walton Avenue HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 1995, 31 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, New Walton Avenue HDFC reported income of $2.5m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+7.6%), an average of +1.9% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Walton Avenue HDFC sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Lake Forest Senior Living Community Inc ($2.5m), Open Doors Homeless Coalition ($2.5m) and Haywood Street Community Development ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.0m against liabilities of $357k, net assets of $3.6m.