Putnam County Housing Corporation

Analysis

Putnam County Housing Corporation is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Putnam County Housing Corporation reported income of $3.7m and spending of $3.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.7m (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putnam County Housing Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Mid Nebraska Lutheran Home Assn ($3.7m), West Austin Youth Association ($3.7m) and Cambridge Montessori School Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $246k (7.9% of expenses). Other salaries and wages came to $739k. At year end it held assets of $2.1m against liabilities of $231k, net assets of $1.9m. It reported 19 employees.