Los Sures 907 Driggs Avenue Housing Development Fund Corporation

Analysis

Los Sures 907 Driggs Avenue Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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).

In the financial year ending December 2023, Los Sures 907 Driggs Avenue Housing Development Fund Corporation reported income of $245k and spending of $356k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $245k (+12%), an average of +2.8% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Los Sures 907 Driggs Avenue Housing Development Fund Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Big Bend Community Development Corporation ($245k), Otr Adopt Inc ($245k) and People S Resource Center ($244k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.1m against liabilities of $2.2m, net assets of -$1.1m.

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.