Ovid Area Nonprofit Housing Association Inc

Analysis

Ovid Area Nonprofit Housing Association Inc is a registered charity in United States, based in Ovid, MI. It received its IRS tax-exemption ruling in November 1997, 29 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 December 2023, Ovid Area Nonprofit Housing Association Inc reported income of $152k and spending of $127k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $152k (+88%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ovid Area Nonprofit Housing Association Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Ashas House ($152k), Asi Bledsoe Inc ($152k) and First Richland Morrow Housing Inc X ($152k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 58% of the total. Other salaries and wages came to $20k. At year end it held assets of $470k against liabilities of $436k, net assets of $34k.