Association to Benefit Children HDFC

Analysis

Association to Benefit Children HDFC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2023, Association to Benefit Children HDFC reported income of $285k and spending of $448k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $261k to $285k (+9.5%), an average of +2.3% a year. Over the whole period it spent 159% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Association to Benefit Children HDFC sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Village at Northgate Housing Inc ($285k), Bluestem Housing Partners NFP ($285k) and Housing Assistance Corporation of Jasper Alabama ($285k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $190k against liabilities of $2.1m, net assets of -$1.9m.

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.