El Caribe Housing Development Fund Company Inc

Analysis

El Caribe Housing Development Fund Company Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 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, El Caribe Housing Development Fund Company Inc reported income of $730k and spending of $768k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $638k to $730k (+15%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, El Caribe Housing Development Fund Company Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Eden-Hope Villa Esperanza Inc ($730k), Northwest Counseling Service Inc ($731k) and Telacu Housing-Rialto Inc ($730k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $3.8m against liabilities of $3.1m, net assets of $718k.

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.