Vesta Riverdale Inc

Analysis

Vesta Riverdale Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 2004, 22 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 2023, Vesta Riverdale Inc reported income of $81k and spending of $97k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $63k to $81k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Riverdale Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Dorgan-Weaver Housing Corporation ($81k), Seton Village Housing Corporation ($81k) and New Chauncey Housing Incorporated ($81k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $5,227. At year end it held assets of $694k against liabilities of $892k, net assets of -$198k.