Mandela Housing Development Fund Company Inc

Analysis

Mandela Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mandela Housing Development Fund Company Inc reported income of $817k and spending of $900k, spending 110% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $780k to $817k (+4.8%), an average of +2.4% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mandela Housing Development Fund Company Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Hunger Mountain Childrens Center Inc ($817k), Dunn United Ministerial Association Inc ($818k) and Harleycare Inc ($817k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $6.7m against liabilities of $6.7m, net assets of $44k.

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.