Ohio Multi-County Development Corporation

Analysis

Ohio Multi-County Development Corporation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in October 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ohio Multi-County Development Corporation reported income of $407k and spending of $462k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $407k (+161%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 188%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohio Multi-County Development Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Alberta Woods Housing Development Fund Corporation ($407k), House of Ruth ($408k) and Pembroke Housing for the Elderlyinc ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. At year end it held assets of $590k against liabilities of $408k, net assets of $182k.