Vision Hope Community Development Corporation Inc

Analysis

Vision Hope Community Development Corporation Inc is a registered charity in United States, based in St CLR Shores, MI. It received its IRS tax-exemption ruling in March 2003, 23 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, Vision Hope Community Development Corporation Inc reported income of $231k and spending of $145k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $231k (+170%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vision Hope Community Development Corporation Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Network for Developing Conscious Communities ($230k), Arlington Apartments Housing Development Fund Corporation ($231k) and West Warren Housing Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $11k (7.6% of expenses). It paid $49 in professional fundraising fees. At year end it held assets of $133k against liabilities of $112, net assets of $133k. It reported 1 employees.