Vinton County Housing Development Corporation

Analysis

Vinton County Housing Development Corporation is a registered charity in United States, based in McArthur, OH. It received its IRS tax-exemption ruling in July 1993, 33 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 December 2023, Vinton County Housing Development Corporation reported income of $391k and spending of $328k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $391k (+137%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vinton County Housing Development Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Pennswood Village Residents Assn ($391k), Family Promise of Bristol ($391k) and Grandville Senior Housing Corporation ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.