Our Mother of Good Counsel Housing Developement Fund Co Inc

Analysis

Our Mother of Good Counsel Housing Developement Fund Co Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1936, 90 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, Our Mother of Good Counsel Housing Developement Fund Co Inc reported income of $403k and spending of $382k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $403k (+8.6%), an average of +2.1% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Mother of Good Counsel Housing Developement Fund Co Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include South Windsor Soccer Club Inc ($403k), Vermont Elks Charities Inc ($403k) and Paralyzed Veterans of America ($403k).

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 $49k. At year end it held assets of $1.4m against liabilities of $2.0m, net assets of -$557k.