N B C-U S a of New York One Housing Development Fund Corporation

Analysis

N B C-U S a of New York One Housing Development Fund Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, N B C-U S a of New York One Housing Development Fund Corporation reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 6 years on record, from October 2017 to October 2023, income grew from $767k to $1.7m (+116%), an average of +17% a year. The sharpest change came in the year to October 2023, when income rose by 53%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, N B C-U S a of New York One Housing Development Fund Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MO. Charities of a similar size with the same main cause include Newark Emergency Service for Families ($1.7m), Karl & Mary Jo Wegner Health Science Information Center ($1.7m) and Sunset Home of Utica ($1.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $218k. At year end it held assets of $4.6m against liabilities of $9.7m, net assets of -$5.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.