Vinokan Residence Corporation

Analysis

Vinokan Residence Corporation is a registered charity in United States, based in Canton, MI. It received its IRS tax-exemption ruling in June 2007, 19 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, Vinokan Residence Corporation reported income of $736k and spending of $746k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $577k to $736k (+28%), an average of +6.3% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vinokan Residence Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Volunteers of America Inc ($736k), Finger Lakes Community Development Corporation ($736k) and Fairmont Health Services Inc ($736k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $460k. At year end it held assets of $646k against liabilities of $2,871, net assets of $643k. It reported 21 employees.