Housing Works 2605-2609 Pitkin Housing Development Fund

Analysis

Housing Works 2605-2609 Pitkin Housing Development Fund is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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, Housing Works 2605-2609 Pitkin Housing Development Fund reported income of $84k and spending of $52k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $84k (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Works 2605-2609 Pitkin Housing Development Fund sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Kataluma Inc ($84k), Pine Meadows Senior Housing ($84k) and Lutheran Housing Corporation Santa Cruz Ca ($84k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $1.8m, net assets of -$254k.