Mac Housing Development Fund Company Inc

Analysis

Mac Housing Development Fund Company Inc is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in July 1997, 29 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 September 2022, Mac Housing Development Fund Company Inc reported income of $209k and spending of $225k, spending 107% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income grew from $177k to $209k (+19%), an average of +5.9% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mac Housing Development Fund Company Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Cicero Commons Senior Housing Development Fund Company Inc ($209k), Sapphire Homes Inc ($209k) and Ennead ($209k).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 98% of the total. Other salaries and wages came to $44k. At year end it held assets of $882k against liabilities of $27k, net assets of $854k.