Development Outreach Inc

Analysis

Development Outreach Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1981, 45 years ago. 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, Development Outreach Inc reported income of $547k and spending of $521k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $547k (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Development Outreach Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include University Economic Development Association Inc ($547k), Youth for Christ USA Inc ($547k) and Beverly Glen Playgroup Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Compensation of current officers, directors and key employees was $276k (53% of expenses). Other salaries and wages came to $96k. At year end it held assets of $325k against liabilities of $1.4m, net assets of -$1.0m. It reported 13 employees.