Virginia United Methodist Homes of Williamsburg Inc

Analysis

Virginia United Methodist Homes of Williamsburg Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Virginia United Methodist Homes of Williamsburg Inc reported income of $24.9m and spending of $24.8m, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $19.0m to $24.9m (+31%), an average of +6.9% a year. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia United Methodist Homes of Williamsburg Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Economic Improvement Council Inc ($24.9m), Sunbeam Family Services Inc ($24.9m) and Concern-Professional Services for Children Youth and Families ($24.9m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $293k (1.2% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $107.2m against liabilities of $134.3m, net assets of -$27.1m. It reported 258 employees.