Vesta Thirteen Inc

Analysis

Vesta Thirteen Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in December 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 (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, Vesta Thirteen Inc reported income of $89k and spending of $91k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $63k to $89k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Thirteen Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Yankee Settlement Court ($89k), Maxcen Housing Society Inc Connecticut Branch ($89k) and Lifechange Housing Associates Inc ($89k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $4,302. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$236k.

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.