Housing Works Food Services Corp

Analysis

Housing Works Food Services Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Housing Works Food Services Corp reported income of $490k and spending of $806k, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $704k to $490k (-30%), an average of -8.7% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Works Food Services Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Hopi-Tewa Womens Coalition to End Abuse ($490k), God and Goals Inc ($490k) and Choices a Community Social Center ($490k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $15k against liabilities of $4.7m, net assets of -$4.7m.

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.