A C Ware Housing Development Fund Company Inc

Analysis

A C Ware Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, 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 (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, A C Ware Housing Development Fund Company Inc reported income of $141k and spending of $188k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $157k to $141k (-10%), an average of -2.6% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A C Ware Housing Development Fund Company Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Landmark Homes for Elderly Inc ($141k), Community Care Hud Housing Inc ($141k) and Cumberland-Perry Housing Initiatives Inc ($141k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $47k. At year end it held assets of $922k against liabilities of $28k, net assets of $894k. It reported 3 employees.

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.