Vesta Community Housing Development Board Inc

Analysis

Vesta Community Housing Development Board Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Vesta Community Housing Development Board Inc reported income of $668k and spending of $562k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $634k to $668k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vesta Community Housing Development Board Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include The Governors School for the Arts Foundation Inc ($668k), The Vieques Conservation and Historical Trust Inc ($668k) and Sunshine House Inc ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 50% of the total. At year end it held assets of $3.7m against liabilities of $2.5m, net assets of $1.1m.