Cape Vincent Housing Corp

Analysis

Cape Vincent Housing Corp is a registered charity in United States, based in Cape Vincent, NY. It received its IRS tax-exemption ruling in June 1987, 39 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 August 2023, Cape Vincent Housing Corp reported income of $369k and spending of $447k, spending 121% of what it took in. Across the 3 years on record, from August 2020 to August 2023, income grew from $352k to $369k (+4.9%), an average of +2.4% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cape Vincent Housing Corp 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 Sacred Roots Farm Inc ($369k), Gainesville Housing Development & Management Corp ($369k) and Ahepa Dop 54 Phase II Inc ($369k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $97k. At year end it held assets of $2.0m against liabilities of $2.4m, net assets of -$420k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.