Congregation Ohav Sholom Housing Development Fund Company Inc

Analysis

Congregation Ohav Sholom Housing Development Fund Company Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1975, 51 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 May 2023, Congregation Ohav Sholom Housing Development Fund Company Inc reported income of $98k and spending of $64k, leaving 35% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $91k to $98k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to May 2021, when income rose by 70%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Congregation Ohav Sholom Housing Development Fund Company Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include LSS Housing Willow Wood Inc ($98k), John Milton Manor Corp ($98k) and Dulaney Station Community Housing Development Organization Inc ($98k).

At year end it held assets of $4.2m against liabilities of $4,149, net assets of $4.2m.