Circulo Housing Development Fund Corporation

Analysis

Circulo Housing Development Fund Corporation is a registered charity in United States, based in Long Beach, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 May 2023, Circulo Housing Development Fund Corporation reported income of $144k and spending of $154k, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $114k to $144k (+27%), an average of +6.1% a year. 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, Circulo Housing Development Fund Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Captiva Island Property Owners Association Inc ($144k), On the Rock a Goodall Homes Foundation ($144k) and Jawonio Residential Opportunities Inc ($144k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.2m against liabilities of $751k, net assets of $1.5m.