Erie Canal Housing Development Fundcompany Inc

Analysis

Erie Canal Housing Development Fundcompany Inc is a registered charity in United States, based in Canastota, NY. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Erie Canal Housing Development Fundcompany Inc reported income of $53k and spending of $54k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $53k (+11%), an average of +2.6% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Erie Canal Housing Development Fundcompany Inc sits at the 12th percentile: it is larger than about 12% 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 Rochdale Association Incorporated ($53k), Adrean-Matt Resident Association Inc ($53k) and House of Pop Squally ($52k).

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 $283k against liabilities of $299k, net assets of -$16k.