BCC Housing Development Corporation

Analysis

BCC Housing Development Corporation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, BCC Housing Development Corporation reported income of $2.5m and spending of $2.2m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.7m to $2.5m (-8.5%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income dropped by 25%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, BCC Housing Development Corporation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Rochester Housing Development Fund Corporation ($2.5m), Blanchard Valley Health Foundation ($2.5m) and Wheda Foundation Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $254k. At year end it held assets of $18.3m against liabilities of $14.7m, net assets of $3.6m.