Stovall Development Corporation

Analysis

Stovall Development Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1966, 60 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 June 2024, Stovall Development Corporation reported income of $4.2m and spending of $3.1m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.5m to $4.2m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 76%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stovall Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Range Transitional Housing Inc ($4.2m), Cambridge Manor Tenant Council ($4.2m) and Pima County Community Land Trust ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. At year end it held assets of $17.2m against liabilities of $10.0m, net assets of $7.2m.