C S C Housing Development Fund Company Inc

Analysis

C S C Housing Development Fund Company Inc is a registered charity in United States, based in Watervliet, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, C S C Housing Development Fund Company Inc reported income of $304k and spending of $339k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $261k to $304k (+16%), an average of +3.9% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, C S C Housing Development Fund Company Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Open Pantry of Greater Lowell Inc ($304k), St Andrews United Methodist Church Foundation ($304k) and Marshfield Rod and Gun Club Inc ($304k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 70% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.1m against liabilities of $2.0m, net assets of -$916k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.