Veteran Housing Corp

Analysis

Veteran Housing Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2013, 13 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, Veteran Housing Corp reported income of $98k and spending of $94k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $606k to $98k (-84%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Veteran Housing Corp sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Cedar Lake - L Esprit Inc ($98k), Family Promise of Indiana County Inc ($98k) and Coulee Housing Development Corporation ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 25% of the total. At year end it held assets of $2.0m against liabilities of $587k, net assets of $1.4m.