Vesta Severn Inc

Analysis

Vesta Severn Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vesta Severn Inc reported income of $79k and spending of $77k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $79k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vesta Severn Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Connect Parent Group Network ($79k), FFC Housing - Tennessee ($79k) and Eastern Upper Bucks Seniors Inc ($79k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $5,227. At year end it held assets of $729k against liabilities of $819k, net assets of -$90k.