Providence Atwood Park Housing Development Fund Company Inc

Analysis

Providence Atwood Park Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, 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 December 2023, Providence Atwood Park Housing Development Fund Company Inc reported income of $210k and spending of $321k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $210k (+20%), an average of +4.7% a year. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Atwood Park Housing Development Fund Company Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Institute of Classical Architecture and Art Inc ($210k), US Board on Books for Young People Inc ($210k) and Davenport West High School Parents and Booster Athletic Club ($210k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.3m against liabilities of $4.4m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.