Habitat for Humanity in Okaloosa County Inc

Analysis

Habitat for Humanity in Okaloosa County Inc is a registered charity in United States, based in Fort Walton Beach, FL. It received its IRS tax-exemption ruling in December 2016, 10 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 (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, Habitat for Humanity in Okaloosa County Inc reported income of $1.2m and spending of $1.3m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $898k to $1.2m (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity in Okaloosa County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Ibukun Comprehensive Community Services Inc ($1.2m), Magnolia Housing Inc ($1.2m) and Support Ministries Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $101k (7.7% of expenses). Other salaries and wages came to $294k. At year end it held assets of $1.5m against liabilities of $665k, net assets of $866k. It reported 15 employees.