Indiantown Non Profit Housing Inc

Analysis

Indiantown Non Profit Housing Inc is a registered charity in United States, based in Florida City, FL. It received its IRS tax-exemption ruling in May 1982, 44 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 2022, Indiantown Non Profit Housing Inc reported income of $333k and spending of $1.6m, spending 486% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $333k (-77%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indiantown Non Profit Housing Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Sartell Senior Housing Inc ($333k), Housing Opportunities Community Partners Inc ($333k) and Nature Coast Affordable Housing Corp ($333k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 102% and program service revenue 229% of the total. Compensation of current officers, directors and key employees was $50k (3.1% of expenses). Other salaries and wages came to $236k. At year end it held assets of $8.8m against liabilities of $7.4m, net assets of $1.4m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.