Fourth Street Housing Development Fund Company Inc

Analysis

Fourth Street Housing Development Fund Company Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. 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 December 2023, Fourth Street Housing Development Fund Company Inc reported income of $200k and spending of $311k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $200k (+21%), an average of +4.8% a year. Over the whole period it spent 164% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fourth Street Housing Development Fund Company Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Northwoods Homeless Shelters Inc ($200k), Carson Community Rodeo Incorporated ($200k) and Onward Eden Prairie ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.9m against liabilities of $32k, net assets of $1.9m.

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.