138-50 QB Housing Development Fund Corporation

Analysis

138-50 QB Housing Development Fund Corporation is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 138-50 QB Housing Development Fund Corporation reported income of $1.7m and spending of $1.6m, spending 94% of its income. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 138-50 QB Housing Development Fund Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Arbor Youth Services Inc ($1.7m), Blessing House ($1.7m) and British Home in California Ltd ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $34.7m against liabilities of $34.6m, net assets of $94k.