Freeport Community Development Inc

Analysis

Freeport Community Development Inc is a registered charity in United States, based in Freeport, NY. It received its IRS tax-exemption ruling in July 2018, 8 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 October 2023, Freeport Community Development Inc reported income of $70k and spending of $184k, spending 263% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $97k to $70k (-28%), an average of -7.8% a year. The sharpest change came in the year to October 2020, when income rose by 596%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freeport Community Development Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Bodhi Battalion Inc ($70k), Builders Without Borders Inc ($70k) and Recovery Resources Inc ($70k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $15k (8.2% of expenses). At year end it held assets of $371k against liabilities of $0, net assets of $371k.