Purchase College Foundation Housing Corporation

Analysis

Purchase College Foundation Housing Corporation is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in May 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 organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Purchase College Foundation Housing Corporation reported income of $5.2m and spending of $4.3m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $5.2m (+31%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Purchase College Foundation Housing Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Todco Ybc 3 ($5.2m), Threshold Residential Services Inc ($5.2m) and John Bertram House of Swampscott Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $15.3m against liabilities of $9.6m, net assets of $5.7m.