Vista on 5th Corp

Analysis

Vista on 5th Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vista on 5th Corp reported income of $8.3m and spending of $11.6m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $8.3m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vista on 5th Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Joy to the World Foundation ($8.3m), Washington Gorge Action Programs ($8.3m) and Central Pennsylvania Community Action Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $409k (3.5% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $8.8m against liabilities of $3.2m, net assets of $5.6m. It reported 105 employees.

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.