Daytona State College Housing Corporation

Analysis

Daytona State College Housing Corporation is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Daytona State College Housing Corporation reported income of $1.6m and spending of $1.1m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.9m to $1.6m (-45%), an average of -18% a year. The sharpest change came in the year to June 2023, when income rose by 3785%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daytona State College Housing 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Live Oak Wilderness Camp ($1.6m), Nashville Public Education Foundation ($1.6m) and All Saints Episcopal School Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $100k. At year end it held assets of $16.5m against liabilities of $12.7m, net assets of $3.8m. It reported 7 employees.