Mt Olive Affordable Housing & DCD Inc

Analysis

Mt Olive Affordable Housing & DCD Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mt Olive Affordable Housing & DCD Inc reported income of $359k and spending of $371k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $305k to $359k (+18%), an average of +8.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mt Olive Affordable Housing & DCD Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Alongside Families ($359k), Russ Bus Inc ($359k) and Motor for Toys Charitable Foundation ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $498k against liabilities of $450k, net assets of $48k.