Greater Hood Community Development Corporation

Analysis

Greater Hood Community Development Corporation 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 human services, which this site groups under poverty relief. 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 June 2023, Greater Hood Community Development Corporation reported income of $98k and spending of $113k, spending 116% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $70k to $98k (+40%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Hood Community Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Kansas Wheat Commission Research Foundation ($98k), Warren County Children Advocacy Center Inc ($98k) and Lolo Community Club ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,300 (4.7% of expenses). At year end it held assets of $13k against liabilities of $0, net assets of $13k.