Excel Development Co Inc

Analysis

Excel Development Co Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 1988, 38 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, Excel Development Co Inc reported income of $10.6m and spending of $11.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $10.6m (+15%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Excel Development Co Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Westbeth Corp Housing Development Fund Company Inc ($10.6m), The Fort Wayne Rescue Mission Ministries Inc ($10.6m) and Avesta Housing Management Corporation ($10.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $541k (4.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $17.6m against liabilities of $7.1m, net assets of $10.5m. It reported 38 employees.