158 Chenango Street Housing Devopment Fund Company Inc

Analysis

158 Chenango Street Housing Devopment Fund Company Inc is a registered charity in United States, based in Buffalo, 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 September 2023, 158 Chenango Street Housing Devopment Fund Company Inc reported income of $119k and spending of $132k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $116k to $119k (+2.7%), an average of +0.7% a year. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 158 Chenango Street Housing Devopment Fund Company Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include James D Phillips TR Uw Atr5 Par 2-10-9622-00-1 ($119k), 4035 PTA Congress of Parents Teachers and Students ($119k) and P a S O Foundation ($119k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $20k. At year end it held assets of $644k against liabilities of $22k, net assets of $622k.

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.