Ottey Homes Inc

Analysis

Ottey Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 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 June 2023, Ottey Homes Inc reported income of $74k and spending of $95k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $76k to $74k (-2.8%), an average of -1.0% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ottey Homes Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Riverview Resident Assistance Foundation ($74k), Ocean View Manor Inc ($74k) and Bennett Manor Assisted Living Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $696k against liabilities of $838k, net assets of -$143k.

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.