St Marks Terrace Housing Development Fund Corporation

Analysis

St Marks Terrace Housing Development Fund Corporation is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in September 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, St Marks Terrace Housing Development Fund Corporation reported income of $703k and spending of $731k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $828k to $703k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marks Terrace Housing Development Fund Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Sanford Center ($703k), Charlotte Local Education Foundation Inc ($703k) and Road Runners Club of America ($703k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $68k (9.2% of expenses). Other salaries and wages came to $184k. At year end it held assets of $1.1m against liabilities of $290k, net assets of $766k. It reported 10 employees.