Vanguard Landing Inc

Analysis

Vanguard Landing Inc is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in January 2012, 14 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, Vanguard Landing Inc reported income of $1.4m and spending of $293k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $1.4m (+478%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 885%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vanguard Landing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Deo Volente ($1.4m), Glenview Elderly Housing ($1.4m) and Itawamba Crossroads Ranch ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 3.3% of the total. Other salaries and wages came to $80k. At year end it held assets of $8.8m against liabilities of $2.2m, net assets of $6.6m. It reported 1 employees.