Oklahoma City Housing Services Redevelopment Corporation

Analysis

Oklahoma City Housing Services Redevelopment Corporation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1991, 35 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, Oklahoma City Housing Services Redevelopment Corporation reported income of $1.1m and spending of $734k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $1.1m (+951%), an average of +80% a year. The sharpest change came in the year to December 2020, when income rose by 912%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oklahoma City Housing Services Redevelopment Corporation 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 OK. Charities of a similar size with the same main cause include Beverly Hills Senior Citizens Housing Corporation ($1.1m), Housing Development Corporation of Northumberland County ($1.1m) and Keystone Rescue Mission Alliance Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). At year end it held assets of $2.1m against liabilities of $545k, net assets of $1.5m. It reported 1 employees.