Cedo Housing Development Corporation

Analysis

Cedo Housing Development Corporation is a registered charity in United States, based in Quincy, FL. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 June 2023, Cedo Housing Development Corporation reported income of $1.2m and spending of $1.7m, spending 138% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.2m (+3.7%), an average of +1.2% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cedo Housing Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Cancer Support Community of Greater Ann Arbor ($1.2m), Holy Family Academy Inc ($1.2m) and Rainbows of Learning Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7.2m against liabilities of $8.4m, net assets of -$1.1m.

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.