Blue Cut II Housing Development Fund Company Inc

Analysis

Blue Cut II Housing Development Fund Company Inc is a registered charity in United States, based in Geneva, NY. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Blue Cut II Housing Development Fund Company Inc reported income of $64k and spending of $69k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $64k (+5.7%), an average of +5.7% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Blue Cut II Housing Development Fund Company Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Make It Count Foundation Inc ($64k), Maple Lake-Lake Property Owners Association Inc ($64k) and Greater Newark Housing Partnership Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 63% of the total. At year end it held assets of $225k against liabilities of $175k, net assets of $49k.