Riordan School Addition Housing Development Fund Company Inc

Analysis

Riordan School Addition Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 2005, 21 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 September 2023, Riordan School Addition Housing Development Fund Company Inc reported income of $109k and spending of $127k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $103k to $109k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 39%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riordan School Addition Housing Development Fund Company Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Browning Development Inc ($109k), Bethany Inc ($109k) and Iona House Corporation ($109k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $28k (22% of expenses). At year end it held assets of $935k against liabilities of $18k, net assets of $917k.