Pitcher Hill Housing Development Fund Co Inc

Analysis

Pitcher Hill Housing Development Fund Co Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pitcher Hill Housing Development Fund Co Inc reported income of $955k and spending of $940k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $894k to $955k (+6.8%), an average of +1.7% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pitcher Hill Housing Development Fund Co Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include St Marks Senior Citizens Housing Development Fund Corp ($954k), Christian Care ($955k) and Community Housing Development Corporation ($954k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $194k (21% of expenses). At year end it held assets of $2.4m against liabilities of $2.7m, net assets of -$363k.