Gleneida Housing Development Fund Company Inc

Analysis

Gleneida Housing Development Fund Company Inc is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gleneida Housing Development Fund Company Inc reported income of $507k and spending of $237k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $507k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gleneida Housing Development Fund Company Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include El Paso Hebrew Day School Association Inc ($507k), Des Moines Swimming Federation ($507k) and Newton Youth Hockey Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $55k. At year end it held assets of $450k against liabilities of $1.2m, net assets of -$723k.