Barrett Dewitt Housing Development Fund Company Inc

Analysis

Barrett Dewitt Housing Development Fund Company Inc is a registered charity in United States, based in East Syracuse, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Barrett Dewitt Housing Development Fund Company Inc reported income of $380k and spending of $498k, spending 131% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $334k to $380k (+14%), an average of +4.4% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Barrett Dewitt Housing Development Fund Company Inc sits at the 51st percentile: it is larger than about 51% 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 Decro Epsilon Corporation ($380k), Holie III Inc ($380k) and Fresh Start Ministries of San Angelo ($379k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $91k. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m.

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.