Anthony Hoe Corporation

Analysis

Anthony Hoe Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anthony Hoe Corporation reported income of $5.0m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.0m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anthony Hoe Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Wyoming Rescue Mission ($5.0m), Town of Lincoln Housing Authority ($5.0m) and Habitat for Humanity International Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $873k. At year end it held assets of $7.1m against liabilities of $7.1m, net assets of -$4,660. It reported 33 employees.

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.