Positively Third Street Housing Development Fund Inc

Analysis

Positively Third Street Housing Development Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2002, 24 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, Positively Third Street Housing Development Fund Inc reported income of $1.2m and spending of $1.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $805k to $1.2m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Positively Third Street Housing Development Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.2m), Mercy Communities Inc ($1.2m) and Family Promise of Athens Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $8.2m against liabilities of $8.4m, net assets of -$228k. It reported 1 employees.