Workforce Housing of Okeechobee Inc

Analysis

Workforce Housing of Okeechobee Inc is a registered charity in United States, based in Dade City, FL. It received its IRS tax-exemption ruling in February 2018, 8 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, Workforce Housing of Okeechobee Inc reported income of $336k and spending of $416k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $336k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Workforce Housing of Okeechobee Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include South Southwest Elderly Housing Corporation Inc ($336k), We Are One Heart Foundation Inc ($336k) and M and M Family Care Center Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 84% of the total. Other salaries and wages came to $72k. At year end it held assets of $4.8m against liabilities of $5.3m, net assets of -$529k. It reported 4 employees.

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.