Onondaga County Housing Development Fund Company

Analysis

Onondaga County Housing Development Fund Company is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1993, 33 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 December 2023, Onondaga County Housing Development Fund Company reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $897k to $1.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 821%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Onondaga County Housing Development Fund Company sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Bethlehem Ltd ($1.3m), Village of Love Foundation ($1.3m) and Riverview Manor Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $1.7m against liabilities of $1.7m, net assets of $0.