Mrc-754 East 161st Street Housing Development Fund Corporation

Analysis

Mrc-754 East 161st Street Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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 June 2023, Mrc-754 East 161st Street Housing Development Fund Corporation reported income of $1.2m and spending of $967k, leaving 20% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.0m to $1.2m (+16%), an average of +3.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mrc-754 East 161st Street Housing Development Fund Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include The Lee County Jewish Federation Inc ($1.2m), For the Long Term ($1.2m) and Inland Empire United Education Fund ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m.