Kenneth Gladstone Building Housing Development Fund Company

Analysis

Kenneth Gladstone Building Housing Development Fund Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2000, 26 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, Kenneth Gladstone Building Housing Development Fund Company reported income of $933k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $948k to $933k (-1.5%), an average of -0.4% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kenneth Gladstone Building Housing Development Fund Company 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 Lucille Clark Housing Development Fund Co Inc ($933k), San Juan Community Home Trust ($933k) and Lutheran Knolls North Inc ($933k).

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 $7.3m against liabilities of $7.9m, net assets of -$627k.

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.