Friends Vva Apartments Inc

Analysis

Friends Vva Apartments Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 1989, 37 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, Friends Vva Apartments Inc reported income of $216k and spending of $292k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $216k (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends Vva Apartments Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Bethel Corporation ($216k), Volunteers of America Inc ($216k) and Noahs Ark Childrens Home Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.7m against liabilities of $1.9m, net assets of -$196k.