VHVH Inc

Analysis

VHVH Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2011, 15 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, VHVH Inc reported income of $634k and spending of $757k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $513k to $634k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 282%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, VHVH Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Telacu Housing Baldwin Park Inc ($633k), Fisher-Nightingale Houses ($634k) and Redeemer Village I ($633k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 79% of the total. At year end it held assets of $1.2m against liabilities of $124k, net assets of $1.1m.