Eaton Knolls Housing Development Fund Corporation

Analysis

Eaton Knolls Housing Development Fund Corporation is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in December 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eaton Knolls Housing Development Fund Corporation reported income of $213k and spending of $233k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $213k (+16%), an average of +3.7% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eaton Knolls Housing Development Fund Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Albion Associates ($213k), Richard Allen Housing Corporation ($213k) and Grace Housing Nonprofit Corporation ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $30k. At year end it held assets of $1.5m against liabilities of $154k, net assets of $1.3m.

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.