Town of Islip Affordable Housing Corp

Analysis

Town of Islip Affordable Housing Corp is a registered charity in United States, based in Oakdale, 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 (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, Town of Islip Affordable Housing Corp reported income of $3.3m and spending of $3.7m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.3m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income dropped by 20%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Town of Islip Affordable Housing Corp sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Lincoln Park Community Services ($3.3m), Green Manor ($3.3m) and H C Signs of Hope Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $13.7m against liabilities of $368k, net assets of $13.3m.

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.