Ken-Ton Presbyterian Village Housing Development Fund Co Inc

Analysis

Ken-Ton Presbyterian Village Housing Development Fund Co Inc is a registered charity in United States, based in Kenmore, NY. It received its IRS tax-exemption ruling in March 1981, 45 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 December 2023, Ken-Ton Presbyterian Village Housing Development Fund Co Inc reported income of $1.8m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+14%), an average of +3.4% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ken-Ton Presbyterian Village Housing Development Fund Co 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 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Tucson Hebrew Home Realty ($1.8m), Metro Plaza Apartments Incorporated C O Thomas Nolan ($1.8m) and Bayside Housing & Services ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $439k. At year end it held assets of $8.1m against liabilities of $8.3m, net assets of -$208k. It reported 17 employees.