Devou Properties Inc

Analysis

Devou Properties Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Devou Properties Inc reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Devou Properties Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Capital Recovery Center ($2.8m), Licking County Humane Society ($2.8m) and St Louis Gymnastic Centre ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $104k (4.4% of expenses). Other salaries and wages came to $545k. At year end it held assets of $3.6m against liabilities of $646k, net assets of $3.0m. It reported 89 employees.