Walnut Affordable Housing Inc

Analysis

Walnut Affordable Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1996, 30 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Walnut Affordable Housing Inc reported income of $67k and spending of $0, leaving 100% of income unspent that year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 0.3% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walnut Affordable Housing Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Veterans Outpost ($67k), Kings County Management & Development Corporation ($67k) and Sourlis-Eleuterio Homes Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $2,320, net assets of $1.3m.