Delaware County Housing Development Corporation

Analysis

Delaware County Housing Development Corporation is a registered charity in United States, based in Woodlyn, PA. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Delaware County Housing Development Corporation reported income of $1.3m and spending of $218k, leaving 84% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $187k to $1.3m (+618%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 829%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware County Housing Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Independence Northwest Center for Independent Living of Northwest CT ($1.3m), Salem Free Clinics ($1.3m) and Ihope Intentional Houston Opportunities Promote Empwrmnt Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 7.2% of the total. At year end it held assets of $317k against liabilities of $2.0m, net assets of -$1.7m.