Lord Howe Estates Housing Development Fund Corporation

Analysis

Lord Howe Estates Housing Development Fund Corporation is a registered charity in United States, based in Ticonderoga, NY. It received its IRS tax-exemption ruling in March 1983, 43 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 March 2022, Lord Howe Estates Housing Development Fund Corporation reported income of $373k and spending of $330k, spending 88% of its income. Across the 3 years on record, from March 2020 to March 2022, income grew from $336k to $373k (+11%), an average of +5.4% 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, Lord Howe Estates Housing Development Fund Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Holy Family Home for Mothers and Children ($373k), Brocton Housing Development Fund Company Inc ($374k) and Sommerset Place ($373k).

On its Form 990 for the period ending March 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$161k.