Ada Homeless Services Inc

Analysis

Ada Homeless Services Inc is a registered charity in United States, based in Ada, OK. It received its IRS tax-exemption ruling in March 2005, 21 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 September 2024, Ada Homeless Services Inc reported income of $453k and spending of $391k, spending 86% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $363k to $453k (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 60%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ada Homeless Services Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within OK. Charities of a similar size with the same main cause include United Church Residences of Pickerington Ohio Inc ($453k), Our Daily Rest ($453k) and Community Housing Sonoma County ($453k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (19% of expenses). Other salaries and wages came to $107k. At year end it held assets of $489k against liabilities of $39k, net assets of $450k. It reported 4 employees.