McCarty Housing Development Fund Company Inc

Analysis

McCarty Housing Development Fund Company Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 2005, 21 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, McCarty Housing Development Fund Company Inc reported income of $918k and spending of $1.5m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $846k to $918k (+8.4%), an average of +2.0% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McCarty Housing Development Fund Company Inc 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 Vip College Avenue HDFC ($918k), Culpepper Garden I Incorporated ($920k) and Samaritan Village Inc ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. Other salaries and wages came to $151k. At year end it held assets of $3.3m against liabilities of $10.5m, net assets of -$7.2m.

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.