Wheatfield Housing Development Fund Company Inc

Analysis

Wheatfield Housing Development 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wheatfield Housing Development Fund Company Inc reported income of $298k and spending of $370k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $298k (+4.5%), an average of +1.1% a year. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wheatfield Housing Development Fund Company Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include New Harmony Workingmens Institute ($298k), Minster Area Life Squad Inc ($298k) and NJ Nahro Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $64k. At year end it held assets of $2.6m against liabilities of $65k, net assets of $2.6m.

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.