417 Housing Development Fund Company Inc

Analysis

417 Housing Development Fund Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 December 2023, 417 Housing Development Fund Company Inc reported income of $96k and spending of $183k, spending 191% of what it took in. The sharpest change came in the year to December 2022, when income rose by 16027300%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 417 Housing Development Fund Company Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include St Anthony Trust of Hartford Inc ($96k), McLean County Dance Association ($96k) and Russell Arts Council Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $2.3m against liabilities of $2.4m, net assets of -$58k.