St Davids Housing Development Fund Company Inc

Analysis

St Davids Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2023, St Davids Housing Development Fund Company Inc reported income of $323k and spending of $356k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $315k to $323k (+2.4%), an average of +0.8% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Davids Housing Development Fund Company Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include The Milan Mustard Seed Inc ($323k), South Macedon Fire and Rescue Inc ($323k) and Daniel and Friends Dog Rescue ($323k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $71k. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$240k.

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.