Order Sons of Itay in America Housing Development Fund Company I

Analysis

Order Sons of Itay in America Housing Development Fund Company I is a registered charity in United States, based in Bellmore, NY. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Order Sons of Itay in America Housing Development Fund Company I reported income of $121k and spending of $50k, leaving 59% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $104k to $121k (+16%), an average of +3.8% a year. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Order Sons of Itay in America Housing Development Fund Company I sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Shining Light Ministries ($121k), New Braunfels Lions Charities Inc ($121k) and Alaska Library Association ($121k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $20k, net assets of $1.9m.