Hogansburg Housing Development Fund Company Inc

Analysis

Hogansburg Housing Development Fund Company Inc is a registered charity in United States, based in Rooseveltown, NY. It received its IRS tax-exemption ruling in November 1986, 40 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 September 2023, Hogansburg Housing Development Fund Company Inc reported income of $185k and spending of $216k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $183k to $185k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to September 2022, when income rose by 21%. 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, Hogansburg Housing Development Fund Company Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include West Virginia Ministry of Advocacy and Workcamp Inc ($185k), Robert L Fortes House Inc ($185k) and Wesley at Paris Inc ($185k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 42% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$402k.

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.