Miami Valley In-Ovations Incorporated

Analysis

Miami Valley In-Ovations Incorporated is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2023, Miami Valley In-Ovations Incorporated reported income of $1.1m and spending of $373k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 14% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami Valley In-Ovations Incorporated sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Hhoc Mortgage ($1.1m), The Housing Development Corporation of Rock Hill ($1.1m) and Gates Plaza Housing Development Fund Company Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 168% of the total. Compensation of current officers, directors and key employees was $132k (35% of expenses). Other salaries and wages came to $69k. At year end it held assets of $21.2m against liabilities of $4.4m, net assets of $16.7m. It reported 2 employees.