Iona House Corporation

Analysis

Iona House Corporation is a registered charity in United States, based in Bonita SPGS, FL. It received its IRS tax-exemption ruling in July 2003, 23 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 2023, Iona House Corporation reported income of $109k and spending of $55k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $113k to $109k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Iona House Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Franciscan Brothers of Christ the King ($109k), Browning Development Inc ($109k) and Cinco de Mayo Golf Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 76% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.