Deedco Gardens Inc

Analysis

Deedco Gardens Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in August 1995, 31 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 May 2024, Deedco Gardens Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $806k to $1.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to May 2024, when income rose by 31%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Deedco Gardens Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Pathstone Corporation ($1.1m), LCHS Foundation Inc ($1.1m) and Puerto Rico Neighborhood Housing Services Corp ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.9% and program service revenue 97% of the total. Other salaries and wages came to $159k. At year end it held assets of $1.3m against liabilities of $4.9m, net assets of -$3.6m.

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.