Northern Adirondack Housing Development Fund

Analysis

Northern Adirondack Housing Development Fund is a registered charity in United States, based in Malone, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. 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 December 2023, Northern Adirondack Housing Development Fund reported income of $513k and spending of $667k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $513k (+21%), an average of +4.8% a year. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Adirondack Housing Development Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Migrant Legal Aid Inc ($513k), Flight Test Historical Foundation ($513k) and Community Library of Allegheny Valley ($513k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $4.6m against liabilities of $6.0m, net assets of -$1.4m.

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.