Dekalb Throop Housing Development Fund Company Inc

Analysis

Dekalb Throop Housing Development Fund Company Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2011, 15 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, Dekalb Throop Housing Development Fund Company Inc reported income of $452k and spending of $645k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $452k (+4.8%), an average of +1.2% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dekalb Throop Housing Development Fund Company Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Babies of Homelessness ($452k), Winchester Area Temporary Thermal Shelter ($453k) and Hancock Estates Corp ($452k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $44k. At year end it held assets of $4.2m against liabilities of $6.2m, net assets of -$2.0m. It reported 4 employees.

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.