Harbor View Housing Development Fund Company Inc

Analysis

Harbor View Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Harbor View Housing Development Fund Company Inc reported income of $191k and spending of $265k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $231k to $191k (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 139% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harbor View Housing Development Fund Company Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include San Francisco Police Activities League ($191k), Dover Foundation Inc ($191k) and Literacy Volunteers of Greater Worcester ($191k).

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 $59k. At year end it held assets of $920k against liabilities of $527k, net assets of $393k.

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.