Ridgewood Bushwick Homesteading Assistance Housing Development Fun

Analysis

Ridgewood Bushwick Homesteading Assistance Housing Development Fun is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 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 (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, Ridgewood Bushwick Homesteading Assistance Housing Development Fun reported income of $683k and spending of $635k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $900k to $683k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridgewood Bushwick Homesteading Assistance Housing Development Fun sits at the 65th percentile: it is larger than about 64% 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 Greencastle of Bienterra Inc ($683k), Zoe Ministries Inc ($684k) and Marin Aging and Disability Institute LLC ($683k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $17.2m against liabilities of $195k, net assets of $17.0m.