Devon Oaks Assisted Living Corporation

Analysis

Devon Oaks Assisted Living Corporation is a registered charity in United States, based in Westlake, OH. It received its IRS tax-exemption ruling in October 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Devon Oaks Assisted Living Corporation reported income of $4.4m and spending of $4.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $4.4m (+10%), an average of +2.4% a year. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Devon Oaks Assisted Living Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Christ House ($4.4m), New Mexico Coalition to End Homelessness ($4.4m) and Wilmington Area Rebuilding Ministry Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.2m against liabilities of $4.9m, net assets of -$708k. It reported 88 employees.