Hoosick Housing Development Fund Company Inc

Analysis

Hoosick Housing Development Fund Company Inc is a registered charity in United States, based in Hoosick Falls, NY. It received its IRS tax-exemption ruling in February 1988, 38 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, Hoosick Housing Development Fund Company Inc reported income of $269k and spending of $260k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $269k (+15%), an average of +3.5% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hoosick Housing Development Fund Company Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include El Comite de Longmont Inc ($269k), El Camino Athletic Booster Club ($269k) and United Way of Clarion County ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $9,308. At year end it held assets of $316k against liabilities of $838k, net assets of -$522k.