N Vision Communities Inc

Analysis

N Vision Communities Inc is a registered charity in United States, based in Merritt Is, FL. It received its IRS tax-exemption ruling in January 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, N Vision Communities Inc reported income of $272k and spending of $312k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $272k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, N Vision Communities Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include John H Miller Housing Inc ($272k), Helping Hands-Interfaith Coalitionfor the Homeless of Rockland County ($273k) and Moreland Affordable Housing Corporation ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). Other salaries and wages came to $34k. At year end it held assets of $1.7m against liabilities of $2.4m, net assets of -$674k.

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.