Duvall Homes Inc

Analysis

Duvall Homes Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Duvall Homes Inc reported income of $8.0m and spending of $7.1m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $8.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Duvall Homes Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Equal Heart ($7.9m), Forgotten Angels Inc ($8.0m) and Nova Center Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $545k (7.6% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $9.8m against liabilities of $1.6m, net assets of $8.3m. It reported 91 employees.