Housing Development Corporation of Northumberland County

Analysis

Housing Development Corporation of Northumberland County is a registered charity in United States, based in Mount Carmel, PA. It received its IRS tax-exemption ruling in July 2000, 26 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, Housing Development Corporation of Northumberland County reported income of $1.1m and spending of $270k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $746k to $1.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Development Corporation of Northumberland County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Oklahoma City Housing Services Redevelopment Corporation ($1.1m), The Parodneck Foundation for Self-H Elp Housing & Community DVLPNT Inc ($1.1m) and Beverly Hills Senior Citizens Housing Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. At year end it held assets of $3.4m against liabilities of $495, net assets of $3.4m.