Academy Arms Housing Developement Fund Company Inc

Analysis

Academy Arms Housing Developement Fund Company Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in August 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 March 2023, Academy Arms Housing Developement Fund Company Inc reported income of $252k and spending of $267k, spending 106% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $196k to $252k (+29%), an average of +8.7% a year. The sharpest change came in the year to March 2022, when income rose by 18%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Academy Arms Housing Developement Fund Company Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Accessible Space North Inc ($252k), Lutheran Social Services of Central Ohio Hamiliton Housing Inc ($252k) and Main-Best Housing Development Fund Company Inc ($252k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $33k. At year end it held assets of $447k against liabilities of $984k, net assets of -$537k.