Vrc-Mlcc Housing Corporation

Analysis

Vrc-Mlcc Housing Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vrc-Mlcc Housing Corporation reported income of $158k and spending of $172k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $158k (+11%), an average of +2.7% a year. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vrc-Mlcc Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Megunticook Watershed Association ($158k), Braintree Youth Basketball Association Inc ($158k) and Christian Outreach for Police and Their Spouses ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $18k. At year end it held assets of $472k against liabilities of $1.4m, net assets of -$929k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.