Providence Yates Housing Development Fund Company Inc

Analysis

Providence Yates Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, 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, Providence Yates Housing Development Fund Company Inc reported income of $53k and spending of $81k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $53k (+3.0%), an average of +0.7% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Yates Housing Development Fund Company Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($53k), Foundation for Jewish Publications Inc ($53k) and Cuala Foundation Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $19k. At year end it held assets of $318k against liabilities of $589k, net assets of -$271k.

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.