St Simeon II Housing Development Fund Company Inc

Analysis

St Simeon II Housing Development Fund Company Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in October 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, St Simeon II Housing Development Fund Company Inc reported income of $1.1m and spending of $871k, spending 82% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $881k to $1.1m (+20%), an average of +4.7% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Simeon II Housing Development Fund Company Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Wiregrass Hope Group Inc ($1.1m), Northeast Arkansas Regional AIDS Network ($1.1m) and Mediation Center ($1.1m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $141k (16% of expenses). Other salaries and wages came to $25k. At year end it held assets of $2.8m against liabilities of $2.6m, net assets of $234k. It reported 2 employees.