532 East Sixth Street Housing Development Fund Corporation

Analysis

532 East Sixth Street Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2000, 26 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, 532 East Sixth Street Housing Development Fund Corporation reported income of $128k and spending of $91k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $128k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 691%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 532 East Sixth Street Housing Development Fund Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Gainesville Public Health Community Inc ($128k), North Carolina Genealogical Society Inc ($128k) and PTA California Congress of Parents Teachers & Students Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $12k. At year end it held assets of $848k against liabilities of $262k, net assets of $586k.