1374 College Avenue HDFC Inc

Analysis

1374 College Avenue HDFC Inc 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, 1374 College Avenue HDFC Inc reported income of $391k and spending of $448k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $358k to $391k (+9.4%), an average of +1.8% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1374 College Avenue HDFC Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Baran Place Inc ($391k), Candlewick Commons Inc ($391k) and The Well of Lexington Inc ($391k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $856k against liabilities of $66k, net assets of $789k.

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.