Main Ferry Housing Development Fund Company Inc

Analysis

Main Ferry Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Main Ferry Housing Development Fund Company Inc reported income of $68k and spending of $209k, spending 309% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $70k to $68k (-3.2%), an average of -0.8% a year. Over the whole period it spent 250% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Main Ferry Housing Development Fund Company Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Long Beach Hope Housing Corporation ($67k), American Hellenic Foundation of St Louis ($68k) and Oldetowne Homes Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $118k.

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.