Monsignor Adamski Village Housing Development Fund Company Inc

Analysis

Monsignor Adamski Village Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Monsignor Adamski Village Housing Development Fund Company Inc reported income of $554k and spending of $738k, spending 133% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $573k to $554k (-3.2%), an average of -0.8% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Monsignor Adamski Village Housing Development Fund Company Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Duffield Volunteer Fire and Rescue Squad Inc ($554k), Greenco Industries Foundation Inc ($555k) and Kachemak Bay Broadcasting Inc ($554k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $145k. At year end it held assets of $1.4m against liabilities of $2.2m, net assets of -$840k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.