Vance Housing Inc

Analysis

Vance Housing Inc is a registered charity in United States, based in Beckley, WV. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2023, Vance Housing Inc reported income of $162k and spending of $168k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $162k (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vance Housing Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within WV. Charities of a similar size with the same main cause include Cliff View Village II Inc ($162k), Partners in Action Inc ($162k) and Robert Street Realty Corp ($162k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $27k. At year end it held assets of $615k against liabilities of $34k, net assets of $581k.

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.