East One Thirty Eighth Housing Development Fund Company Inc

Analysis

East One Thirty Eighth Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, East One Thirty Eighth Housing Development Fund Company Inc reported income of $695k and spending of $325k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $218k to $695k (+218%), an average of +34% a year. The sharpest change came in the year to June 2020, when income rose by 354%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East One Thirty Eighth Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Tree House Senior Apartments Inc ($695k), Inglis Housing Corporation ($695k) and Community Housing Assistance Program Inc ($695k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $95k. At year end it held assets of $2.8m against liabilities of $884k, net assets of $1.9m. It reported 10 employees.