Vip College Avenue HDFC

Analysis

Vip College Avenue HDFC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2011, 15 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, Vip College Avenue HDFC reported income of $918k and spending of $1.3m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $913k to $918k (+0.5%), an average of +0.1% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vip College Avenue HDFC 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 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Samaritan Village Inc ($917k), McCarty Housing Development Fund Company Inc ($918k) and Wilcox Lane Senior Citizens Housing Co Inc ($917k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $7.8m against liabilities of $9.7m, net assets of -$1.9m.

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.