Cendevco II Redevelopment Fund Inc

Analysis

Cendevco II Redevelopment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2021, 5 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cendevco II Redevelopment Fund Inc reported income of $15.2m and spending of $572k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $12.0m to $15.2m (+27%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 2.4% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cendevco II Redevelopment Fund Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include George Gervin Youth Center Inc ($15.1m), Shelter House Inc ($15.2m) and Alameda Affordable Housing Corporation ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $37.3m against liabilities of $50k, net assets of $37.2m.