Cny Affordable Realty Inc

Analysis

Cny Affordable Realty Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Cny Affordable Realty Inc reported income of $368k and spending of $139k, leaving 62% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $229k to $368k (+61%), an average of +13% a year. The sharpest change came in the year to April 2023, when income rose by 31%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cny Affordable Realty Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Highwood Apartments Inc ($368k), Marlette Senior Living ($368k) and 45th Ave Housing Co ($368k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 95% of the total. At year end it held assets of $1.3m against liabilities of $8,392, net assets of $1.3m.