Burnt Hills Ballston Lake Housing Development Fund Company Inc

Analysis

Burnt Hills Ballston Lake Housing Development Fund Company Inc is a registered charity in United States, based in Burnt Hills, NY. It received its IRS tax-exemption ruling in April 1980, 46 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, Burnt Hills Ballston Lake Housing Development Fund Company Inc reported income of $198k and spending of $172k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $198k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Burnt Hills Ballston Lake Housing Development Fund Company Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Rogers Park Community Action Network ($198k), FF of Kettering Park Manor Inc ($198k) and Los Robles Housing Association ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. Other salaries and wages came to $27k. At year end it held assets of $564k against liabilities of $727k, net assets of -$163k. It reported 2 employees.