Fontbonne Manor Housing Development Fund Company Inc

Analysis

Fontbonne Manor Housing Development Fund Company Inc is a registered charity in United States, based in Albany, 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 December 2023, Fontbonne Manor Housing Development Fund Company Inc reported income of $302k and spending of $345k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $302k (+10%), an average of +2.4% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fontbonne Manor 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 Watertown Hockey Association Inc ($302k), LA Jolla United Methodist Church Foundation ($302k) and Chicago Area Alternative Education League a Not for Profit Corp ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.4m against liabilities of $3.6m, net assets of -$2.2m.

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.