Development Enterprises of Central Oklahoma Incorporated

Analysis

Development Enterprises of Central Oklahoma Incorporated is a registered charity in United States, based in Shawnee, OK. It received its IRS tax-exemption ruling in January 2005, 21 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 December 2023, Development Enterprises of Central Oklahoma Incorporated reported income of $237k and spending of $503k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $237k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 39%. 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, Development Enterprises of Central Oklahoma Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Our Front Porch ($237k), Habitat for Humanity Intl Inc ($237k) and Zion Housing Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 63% of the total. Other salaries and wages came to $81k. At year end it held assets of $3.3m against liabilities of $1.7m, net assets of $1.6m. It reported 2 employees.