Bustleton Housing Development Corporation

Analysis

Bustleton Housing Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Bustleton Housing Development Corporation reported income of $76k and spending of $162k, spending 214% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $115k to $76k (-34%), an average of -10% a year. The sharpest change came in the year to June 2020, when income rose by 88%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bustleton Housing Development Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Dawson County Rotary Foundation Inc ($76k), Tri Valley Charities ($76k) and Anchor Ministries Inc ($76k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $812k against liabilities of $336k, net assets of $476k.

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.