Agricultural and Labor Housing Development Corp

Analysis

Agricultural and Labor Housing Development Corp is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in March 1994, 32 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, Agricultural and Labor Housing Development Corp reported income of $439k and spending of $480k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $349k to $439k (+26%), an average of +5.9% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Agricultural and Labor Housing Development Corp sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include St Josephs Villa Foundation ($439k), Opportunity Place Inc ($439k) and Moravian Open Door Inc ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $85k. At year end it held assets of $678k against liabilities of $340k, net assets of $338k. It reported 8 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.