Ivy Hill Development Corporation

Analysis

Ivy Hill Development Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Ivy Hill Development Corporation reported income of $347k and spending of $551k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $347k (+23%), an average of +5.3% a year. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ivy Hill Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Ridgebury Apartments Inc ($347k), West Central Missouri Greenleaf Estates Corporation ($347k) and New Orleans Neighborhood Development Foundation ($347k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $51k. At year end it held assets of $2.4m against liabilities of $4.8m, net assets of -$2.4m.

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.