Main-Best Housing Development Fund Company Inc

Analysis

Main-Best Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Main-Best Housing Development Fund Company Inc reported income of $252k and spending of $271k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $253k to $252k (-0.7%), an average of -0.2% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Main-Best Housing Development Fund Company Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Franklin County Women and Family Shelter ($252k), Accessible Space North Inc ($252k) and Orchard Crossing Inc ($252k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $90k. At year end it held assets of $331k against liabilities of $11k, net assets of $320k.