Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc

Analysis

Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1976, 50 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 March 2024, Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.2m to $1.3m (+8.2%), an average of +2.0% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Two Hundred Seventy-Two to Two Hundred Eighty Linwood Avenue Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Old Man Rivers ($1.3m), Elijah Smith Senior Citizen Housing Development Fund Co ($1.3m) and Crossroads Corp for Affordable Housing and Community Dev Inc ($1.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $91k (6.4% of expenses). Other salaries and wages came to $240k. At year end it held assets of $7.2m against liabilities of $7.0m, net assets of $177k. It reported 7 employees.

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.