Dewittsburg Housing Development Fund Corporation

Analysis

Dewittsburg Housing Development Fund Corporation is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in January 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dewittsburg Housing Development Fund Corporation reported income of $2.4m and spending of $2.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+7.8%), an average of +1.9% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dewittsburg Housing Development Fund Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include YWCA Apartments Inc ($2.4m), Masonic and Eastern Star Home of the District of Columbia Charities ($2.4m) and Safe Harbors of the Hudson Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. Other salaries and wages came to $260k. At year end it held assets of $8.9m against liabilities of $108k, net assets of $8.8m.