Eight-Eleven Development

Analysis

Eight-Eleven Development is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 1994, 32 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 March 2024, Eight-Eleven Development reported income of $66k and spending of $75k, spending 113% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $58k to $66k (+14%), an average of +14% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eight-Eleven Development sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include National Association of Housing & Redevelopment Officials ($66k), Better Living for Garrison Inc ($66k) and Our Neighbors Keeper ($66k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $230k against liabilities of $419k, net assets of -$190k.