Castor Housing Development Corporation

Analysis

Castor Housing Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Castor Housing Development Corporation reported income of $83k and spending of $137k, spending 166% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $124k to $83k (-33%), an average of -9.7% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Castor Housing Development Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Parker Road Club Inc ($83k), Chaldean American Association for Health Professionals Inc ($83k) and American Cancer Research Center and Foundation ($83k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $522k against liabilities of $205k, net assets of $317k.

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.