101-105 South Eighth Street Apts Housing Development Fund Corp

Analysis

101-105 South Eighth Street Apts 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, 101-105 South Eighth Street Apts Housing Development Fund Corp reported income of $348k and spending of $320k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $321k to $348k (+8.4%), an average of +2.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 101-105 South Eighth Street Apts Housing Development Fund Corp sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Disciples Homes of Northeast Texas Inc ($348k), Sara Beegle Child Care Center ($348k) and National Guard Educational Foundation ($348k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 77% of the total. At year end it held assets of $4.5m against liabilities of $2.6m, net assets of $1.8m.