Redfield South Housing Development Fund Company Inc

Analysis

Redfield South Housing Development Fund Company Inc is a registered charity in United States, based in Fayetteville, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Redfield South Housing Development Fund Company Inc reported income of $481k and spending of $450k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $481k (+5.5%), an average of +1.3% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Redfield South Housing Development Fund Company Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Oregon Association of Hospital Research and Education Foundation ($481k), Hanover Area Historical Society ($481k) and Gods Pantry of Pulaski County Inc ($481k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$230k.