Ludden Housing Development Fund Company Inc

Analysis

Ludden Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. 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 March 2023, Ludden Housing Development Fund Company Inc reported income of $514k and spending of $492k, spending 96% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $473k to $514k (+8.7%), an average of +2.8% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ludden Housing Development Fund Company Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Senior Affordable Housing Corp No 2 ($514k), City of Lubbock Housing Initiatives ($514k) and Life Options Homes Inc ($514k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $107k (22% of expenses). At year end it held assets of $2.2m against liabilities of $2.9m, net assets of -$704k.