1650 BLHC Services Corp

Analysis

1650 BLHC Services Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1650 BLHC Services Corp reported income of $4.5m and spending of $3.0m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 1650 BLHC Services Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Coalition for a Better Acre Inc ($4.5m), Haven of Rest Ministries Inc ($4.5m) and Habitat for Humanity of Greater Chattanooga ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $268k. At year end it held assets of $25.6m against liabilities of $17.6m, net assets of $8.0m. It reported 2 employees.