Is Purchase College Foundation Housing Corporation Legit?

Quick charity verification for Purchase College Foundation Housing Corporation (EIN: 134086734)

Verdict: Purchase College Foundation Housing Corporation appears trustworthy

85/100Mission Score
$6.0MRevenue
$7.5MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Purchase College Foundation Housing Corporation demonstrates a consistent operational profile, primarily focused on housing services as indicated by its NTEE code L20. The organization's revenue has fluctuated over the past decade, with a notable dip in 2021 to $2,079,419 before recovering to $5,165,600 in 2023. Expenses have generally tracked revenue, indicating a stable operational model. The organization consistently reports 0% officer compensation, which is a positive indicator of efficient use of funds for its stated purpose. However, the significant liabilities, such as $9,550,843 in 2023 against assets of $15,267,762, suggest a reliance on debt financing, which warrants closer examination. The organization's financial health appears stable, but its long-term debt structure is a key area for potential concern.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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