Tannersville Housing Development Func Company Inc

Analysis

Tannersville Housing Development Func Company Inc is a registered charity in United States, based in Catskill, NY. It received its IRS tax-exemption ruling in August 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tannersville Housing Development Func Company Inc reported income of $96k and spending of $130k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $96k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tannersville Housing Development Func Company Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include CPNJ West Orange Residence II Inc ($96k), John O Brien House Ltd ($96k) and Main Street Apartments Corp ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$455k.

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.