Timon Towers Housing Development Fund Company Inc

Analysis

Timon Towers Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, Timon Towers Housing Development Fund Company Inc reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+9.3%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timon Towers Housing Development Fund Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Randolph County Sheltered Industries Inc ($1.2m), Nutfield Heights Inc ($1.2m) and Tri-Valley Minor Hockey Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $199k. At year end it held assets of $3.3m against liabilities of $3.4m, net assets of -$96k.