1870 Crotona Avenue Housing Development Fund Corporation

Analysis

1870 Crotona Avenue Housing Development Fund Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 1870 Crotona Avenue Housing Development Fund Corporation reported income of $650k and spending of $802k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $563k to $650k (+15%), an average of +3.6% a year. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 1870 Crotona Avenue Housing Development Fund Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Unf Charitable Gift Fund ($650k), Montgomery County Parks Foundation Inc ($650k) and Sandler Family Foundation ($650k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $6.1m, 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.