Sisters of Charity Health Care System Housing Development Fund Co

Analysis

Sisters of Charity Health Care System Housing Development Fund Co is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in September 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sisters of Charity Health Care System Housing Development Fund Co reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $1.3m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sisters of Charity Health Care System Housing Development Fund Co sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Family Promise Metrowest Inc ($1.3m), Habitat for Humanity International Inc ($1.3m) and Virginia Equal Housing Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $163k. At year end it held assets of $4.7m against liabilities of $233k, net assets of $4.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.