St Clare Apartments Housing Development Fund Company Inc

Analysis

St Clare Apartments 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 (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, St Clare Apartments Housing Development Fund Company Inc reported income of $387k and spending of $416k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $387k (+8.7%), an average of +2.1% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Clare Apartments 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 Southwick Recreation Center Inc ($387k), LA Casa Del Tainos Housing Development Fund Company Inc ($387k) and Chip Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.8m against liabilities of $133k, net assets of $1.7m.

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.