Union Meadows Housing Development Fund Company Inc

Analysis

Union Meadows Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, 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), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Union Meadows Housing Development Fund Company Inc reported income of $422k and spending of $491k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $396k to $422k (+6.6%), an average of +6.6% a year. Over the whole period it spent 129% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Meadows Housing Development Fund Company Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Iowa Parks and Recreation Association Inc ($422k), Miriams Promise ($422k) and Central Rappahannock River Habitat for Humanity ($422k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$819k.