Smokey Hollow Housing Development Fund Company Inc

Analysis

Smokey Hollow 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).

In the financial year ending June 2023, Smokey Hollow Housing Development Fund Company Inc reported income of $387k and spending of $487k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $377k to $387k (+2.6%), an average of +0.9% a year. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Smokey Hollow Housing Development Fund Company Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Bill Rudge Ministries of Living Truth Inc ($387k), Northwest Iowa Protestant Reformed ($387k) and Faithsearch International ($387k).

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 $1.4m against liabilities of $998k, net assets of $436k.

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.