Nazareth House Housing Development Fund Corporation

Analysis

Nazareth House Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, Nazareth House Housing Development Fund Corporation reported income of $193k and spending of $288k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $182k to $193k (+6.1%), an average of +1.5% a year. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nazareth House Housing Development Fund Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include The First L a P Inc ($193k), Bucks Villa Inc ($193k) and Vhh-Jg Commons ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 56% of the total. At year end it held assets of $1.7m against liabilities of $1.5m, net assets of $247k.

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.