Purchase Housing Corporation II

Analysis

Purchase Housing Corporation II is a registered charity in United States, based in Purchase, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Purchase Housing Corporation II reported income of $3.3m and spending of $3.4m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $3.3m (+7.7%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Purchase Housing Corporation II sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Nyack Library ($3.3m), North County Charter School Inc ($3.3m) and Modesto Christian School Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $560k. At year end it held assets of $31.3m against liabilities of $30.3m, net assets of $936k.