Lucille Clark Housing Development Fund Co Inc

Analysis

Lucille Clark Housing Development Fund Co Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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 September 2023, Lucille Clark Housing Development Fund Co Inc reported income of $933k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $774k to $933k (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lucille Clark Housing Development Fund Co Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Lutheran Knolls North Inc ($933k), Kenneth Gladstone Building Housing Development Fund Company ($933k) and Kunia Village Development Corporation ($932k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.7m against liabilities of $7.9m, net assets of -$5.2m.

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.