176 South Eighth Street Apartments Housing Development Fund Corp

Analysis

176 South Eighth Street Apartments Housing Development Fund Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 176 South Eighth Street Apartments Housing Development Fund Corp reported income of $307k and spending of $375k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $313k to $307k (-1.8%), an average of -0.6% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 176 South Eighth Street Apartments Housing Development Fund Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Felician Center Inc ($307k), San Diego County Tennis Umpires Association ($307k) and Calhoun Cleburne Childrens Center Inc ($307k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $3.7m against liabilities of $2.7m, net assets of $1.0m.