Blue Cut Housing Development Fund Corporation

Analysis

Blue Cut Housing Development Fund Corporation is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in April 1996, 30 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, Blue Cut Housing Development Fund Corporation reported income of $68k and spending of $79k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $68k (+1.1%), an average of +1.1% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blue Cut Housing Development Fund Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Rural Community Improvement Corporation Inc ($68k), Bunk House Shelter Inc ($68k) and Shunem Foundation ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 74% of the total. At year end it held assets of $139k against liabilities of $133k, net assets of $5,442.