Cayuga County Homsite Development Corp

Analysis

Cayuga County Homsite Development Corp is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Cayuga County Homsite Development Corp reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $1.2m to $1.1m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to April 2021, when income dropped by 17%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cayuga County Homsite Development Corp 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Encore West Residence Housing Development Fund Corporation ($1.1m), Lowell Community Development Corporation ($1.1m) and Consumer Law Building Corporation ($1.1m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $366k. At year end it held assets of $913k against liabilities of $199k, net assets of $714k. It reported 11 employees.