Rensselaer County Housing Resources Inc

Analysis

Rensselaer County Housing Resources Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in January 1984, 42 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 April 2024, Rensselaer County Housing Resources Inc reported income of $366k and spending of $263k, leaving 28% of income unspent that year. Across the 6 years on record, from April 2019 to April 2024, income grew from $79k to $366k (+361%), an average of +36% a year. The sharpest change came in the year to April 2020, when income rose by 126%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rensselaer County Housing Resources Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Montana High School Rodeo Corporation ($366k), Kaleidoscope Keweenaw Alternative Education Organization ($366k) and Breaking Chains Academy of Development Inc ($366k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 65% and program service revenue 0.2% of the total. Other salaries and wages came to $43k. At year end it held assets of $185k against liabilities of $145k, net assets of $40k.