Providence Union Park Housing Development Fund Company Inc

Analysis

Providence Union Park Housing Development Fund Company Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Providence Union Park Housing Development Fund Company Inc reported income of $413k and spending of $566k, spending 137% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $355k to $413k (+17%), an average of +5.2% a year. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Providence Union Park Housing Development Fund Company Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include The Better Bridal Group International Inc ($413k), Frisco Student Fastpacs ($413k) and American Institute of Floral Designers Foundation Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.6m against liabilities of $2.4m, net assets of $136k.

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.