Mandela II Housing Development Fund Company Inc

Analysis

Mandela II 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 March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 II Housing Development Fund Company Inc reported income of $452k and spending of $635k, spending 140% of what it took in. Across the 2 years on record, from June 2020 to June 2023, income grew from $393k to $452k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 153% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mandela II Housing Development Fund Company Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Change the Conversation Inc ($452k), Parent Booster USA Inc ($452k) and Low-Level Radioactive Waste Forum ($452k).

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 $2.8m against liabilities of $4.4m, net assets of -$1.6m.