Tarrytown Road Development Corporation

Analysis

Tarrytown Road Development Corporation is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tarrytown Road Development Corporation reported income of $997k and spending of $598k, leaving 40% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $207k to $997k (+382%), an average of +120% a year. The sharpest change came in the year to September 2022, when income rose by 551%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tarrytown Road Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within NH. Charities of a similar size with the same main cause include CCSN Mojave Project Inc ($996k), Cupertino Community Housing for the Disabled ($998k) and Naomi & Sylvester Smith Senior Living Center ($996k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $177k. At year end it held assets of $1.5m against liabilities of $904k, net assets of $553k.