NCR of Solvay Housing Development Fund Co Inc

Analysis

NCR of Solvay Housing Development Fund Co Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 2024, NCR of Solvay Housing Development Fund Co Inc reported income of $543k and spending of $499k, spending 92% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $506k to $543k (+7.2%), an average of +1.8% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NCR of Solvay Housing Development Fund Co Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($543k), Merrick Community Nursery School ($543k) and Jersey Girls Volleyball Club Inc ($543k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 60% and program service revenue 38% of the total. At year end it held assets of $1.9m against liabilities of $2.3m, net assets of -$472k.