Crease Dyre Housing Development Corporation

Analysis

Crease Dyre 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, Crease Dyre Housing Development Corporation reported income of $80k and spending of $140k, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $202k to $80k (-60%), an average of -21% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crease Dyre Housing Development Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Eagle Senior Citizens Inc ($80k), Monmouth Ucp Housing Inc ($80k) and Indo-American Festivals Inc ($80k).

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 $17k. At year end it held assets of $970k against liabilities of $264k, net assets of $706k.

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.