Mother of Divine Grace Housing Development Fund Company Inc

Analysis

Mother of Divine Grace Housing Development Fund Company Inc is a registered charity in United States, based in Lackawanna, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Mother of Divine Grace Housing Development Fund Company Inc reported income of $107k and spending of $79k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $107k (+4.9%), an average of +4.9% a year. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mother of Divine Grace Housing Development Fund Company Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Transforming Ministries ($106k), Iglesia Pentecostal Elohim ($107k) and Grace Given Ministries Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $195k against liabilities of $237k, net assets of -$42k.