Sixty Six Washington Street Inc

Analysis

Sixty Six Washington Street Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in November 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Sixty Six Washington Street Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.4m (+25%), an average of +5.7% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sixty Six Washington Street Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Lake Area Development Corporation ($1.4m), Loyal Heights Manor ($1.4m) and Three Rivers Housing Development Corporation ($1.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 36% and program service revenue 55% of the total. Other salaries and wages came to $383k. At year end it held assets of $1.5m against liabilities of $1.8m, net assets of -$231k. It reported 5 employees.

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.