Mount Vernon Manor Inc

Analysis

Mount Vernon Manor Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1978, 48 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, Mount Vernon Manor Inc reported income of $2.0m and spending of $1.3m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $2.0m (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Vernon Manor Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.0m), Kitsap Homes of Compassion ($2.0m) and Federation Homes Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 17% of the total. At year end it held assets of $7.4m against liabilities of $2.9m, net assets of $4.5m. It reported 23 employees.