V&t Residential Services

Analysis

V&t Residential Services is a registered charity in United States, based in Glenn Dale, MD. It received its IRS tax-exemption ruling in August 2014, 12 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, V&t Residential Services reported income of $3.3m and spending of $1.8m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $3.3m (+95%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, V&t Residential Services sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Vermont Community Loan Fund Inc ($3.3m), Freedom House ($3.3m) and Licking County Coalition for Housing ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $320k (17% of expenses). Other salaries and wages came to $554k. At year end it held assets of $3.8m against liabilities of $267k, net assets of $3.5m. It reported 17 employees.