Lyons Falls Housing Development Fund Company Inc

Analysis

Lyons Falls Housing Development Fund Company Inc is a registered charity in United States, based in Lowville, NY. It received its IRS tax-exemption ruling in June 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lyons Falls Housing Development Fund Company Inc reported income of $80k and spending of $70k, spending 88% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $74k to $80k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lyons Falls Housing Development Fund Company Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Montgomery Housing Inc ($80k), South Georgia Ministries Inc ($80k) and HHP Capital Inc ($80k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $270k against liabilities of $406k, net assets of -$136k.