Deland Receiving Home Inc

Analysis

Deland Receiving Home Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Deland Receiving Home Inc reported income of $480k and spending of $437k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $349k to $480k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Deland Receiving Home Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Hope Loves Company Inc ($480k), For the Need Foundation ($480k) and Alpha Community Foundation of Okla ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $22k (5.0% of expenses). Other salaries and wages came to $301k. At year end it held assets of $247k against liabilities of $16k, net assets of $231k. It reported 14 employees.