Hewitt House Housing Development Fund Corporation

Analysis

Hewitt House Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2010, 16 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, Hewitt House Housing Development Fund Corporation reported income of $913k and spending of $776k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $737k to $913k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hewitt House Housing Development Fund Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Sonoma Applied Villages Services ($913k), Safe Harbor of Chester County Inc ($913k) and Mother Theodore Corporation ($913k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. At year end it held assets of $3.4m against liabilities of $4.7m, net assets of -$1.3m.