East Chinatown Housing Development Fund Company Inc

Analysis

East Chinatown Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, East Chinatown Housing Development Fund Company Inc reported income of $713k and spending of $650k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $713k (+26%), an average of +6.0% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Chinatown Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Ekklesia Inc ($713k), Access Foundation Corp ($713k) and Lifehouse Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $3.8m against liabilities of $3.3m, net assets of $564k.