Arbor Hill Development Corporation

Analysis

Arbor Hill Development Corporation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 June 2023, Arbor Hill Development Corporation reported income of $760k and spending of $256k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $760k (+256%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 327%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arbor Hill Development Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Open Your Hearts to the Hungry and Homeless ($760k), Courage International Inc ($760k) and Ashreinu Corporation ($760k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $45k (18% of expenses). Other salaries and wages came to $42k. At year end it held assets of $729k against liabilities of $270k, net assets of $460k. It reported 2 employees.