Grand Street Settlement Senior HDFC

Analysis

Grand Street Settlement Senior HDFC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2004, 22 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 June 2024, Grand Street Settlement Senior HDFC reported income of $13.2m and spending of $2.0m, leaving 85% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $972k to $13.2m (+1261%), an average of +92% a year. The sharpest change came in the year to June 2024, when income rose by 547%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Street Settlement Senior HDFC sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Alma Via of San Francisco ($13.2m), Community Contacts Inc ($13.2m) and Lotus Endowment Fund Inc ($13.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $190k. At year end it held assets of $8.8m against liabilities of $300k, net assets of $8.5m.