Key Housing Development Fund Corporation

Analysis

Key Housing Development Fund Corporation is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in October 1987, 39 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, Key Housing Development Fund Corporation reported income of $210k and spending of $211k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $210k (+11%), an average of +2.6% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Housing Development Fund Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Palau Foundation for World Evangelism ($210k), Bodman Foundation ($210k) and Illinois Council of Teachers of Mathematics Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 89% of the total. Other salaries and wages came to $22k. At year end it held assets of $350k against liabilities of $1.2m, net assets of -$816k.