385 Third Avenue Housingdevelopment Fund Corporation

Analysis

385 Third Avenue Housingdevelopment Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 385 Third Avenue Housingdevelopment Fund Corporation reported income of $166k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $166k (+0.0%), an average of +0.0% a year. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 385 Third Avenue Housingdevelopment Fund Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Nehi Inc ($166k), Winnebago Conflict Resolution Center Inc ($166k) and Woodside Village VI Inc ($166k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $16.6m against liabilities of $13.6m, net assets of $3.0m.