Oikos Development Corporation

Analysis

Oikos Development Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 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, Oikos Development Corporation reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $1.7m (+622%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 177%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oikos Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Selk Housing Development Fund Company Inc ($1.7m), Morrisville Presbytarian Apartments Residents Association ($1.7m) and Breaking the Barriers ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $562k (40% of expenses). Other salaries and wages came to $172k. At year end it held assets of $21.6m against liabilities of $20.5m, net assets of $1.1m. It reported 6 employees.