Onondaga Community College Housing Development Corp

Analysis

Onondaga Community College Housing Development Corp is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Onondaga Community College Housing Development Corp reported income of $4.7m and spending of $3.8m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.2m to $4.7m (-24%), an average of -6.6% a year. The sharpest change came in the year to August 2022, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Onondaga Community College Housing Development Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include College Houses ($4.7m), Ieducate USA ($4.7m) and The Cornerstone Christian Academy ($4.7m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $32.2m against liabilities of $22.5m, net assets of $9.7m.