Fund for Public Housing Inc

Analysis

Fund for Public Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 (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, Fund for Public Housing Inc reported income of $7.5m and spending of $3.4m, leaving 55% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $630k to $7.5m (+1092%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 178%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fund for Public Housing Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Interfaith Housing Development Corporation of Chicago ($7.5m), Opportunity House ($7.5m) and Habitat for Humanity International Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $200k (5.9% of expenses). Other salaries and wages came to $79k. At year end it held assets of $9.3m against liabilities of $646k, net assets of $8.7m. It reported 3 employees.