Two Buildings Tenants United Housing Development Fund Company

Analysis

Two Buildings Tenants United Housing Development Fund Company is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2020, 6 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Two Buildings Tenants United Housing Development Fund Company reported income of $408k and spending of $459k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $408k (+157%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Two Buildings Tenants United Housing Development Fund Company sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Savage Agricultural Vocational and Growth Endeavor ($408k), National Church Residences of ($408k) and House of Ruth ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $44k. At year end it held assets of $2.8m against liabilities of $2.8m, net assets of $40k.

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.