Vestedin

Analysis

Vestedin is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2023, Vestedin reported income of $1.9m and spending of $2.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $611k to $1.9m (+209%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 447%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vestedin sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Family Promise of Wake County Inc ($1.9m), Partners in Action Inc ($1.9m) and Mission Square Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $120k (5.9% of expenses). Other salaries and wages came to $423k. At year end it held assets of $8.1m against liabilities of $1.1m, net assets of $7.0m. It reported 13 employees.