Attorney Street Development Inc

Analysis

Attorney Street Development Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in November 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Attorney Street Development Inc reported income of $320k and spending of $4,145, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $66k to $320k (+389%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 364%. Over the whole period it spent 5.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Attorney Street Development Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Vanmew Housing Development Fund Corp ($320k), Teterboro I Housing Corporation ($321k) and Ross Valley Ecumenical Housing Asso ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $2.4m against liabilities of $29k, net assets of $2.4m.