Tempro Development Company Inc

Analysis

Tempro Development Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tempro Development Company Inc reported income of $332k and spending of $292k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $401k to $332k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tempro Development Company Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Fredricke Court Development Corporation ($332k), Chinatown International District Preservation and Development Assoc ($332k) and Oklahoma Christian Apartments Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Other salaries and wages came to $76k. At year end it held assets of $582k against liabilities of $29k, net assets of $553k.