Deland Development Corporation

Analysis

Deland Development Corporation is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in December 2009, 17 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 June 2023, Deland Development Corporation reported income of $60k and spending of $37k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $35k to $60k (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 85%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Deland Development Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Forest Park Project Inc ($60k), Highland Homes for Elderly Inc ($60k) and Dima III Inc ($60k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $587k, net assets of $738k.