Horseheads Housing Development Fund Company Inc

Analysis

Horseheads Housing Development Fund Company Inc is a registered charity in United States, based in Horseheads, NY. It received its IRS tax-exemption ruling in June 1992, 34 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, Horseheads Housing Development Fund Company Inc reported income of $245k and spending of $239k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $245k (+6.2%), an average of +1.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horseheads Housing Development Fund Company Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Cherokee County Rescue Service Inc ($245k), Flushing Chinese Business Association Inc ($245k) and Texas Cave Management Association Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. At year end it held assets of $378k against liabilities of $719k, net assets of -$342k.