Highland Facilities Development Corporation

Analysis

Highland Facilities Development Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Highland Facilities Development Corporation reported income of $779k and spending of $287k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $966k to $779k (-19%), an average of -5.2% a year. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland Facilities Development Corporation sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Oaklawn Foundation for Mental Health Inc ($779k), Chief Officers of State Library Agencies Inc ($779k) and American Water Works Association ($779k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $575k against liabilities of $0, net assets of $575k.