Vernella Transitional Home

Analysis

Vernella Transitional Home is a registered charity in United States, based in Compton, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Vernella Transitional Home reported income of $3.3m and spending of $2.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.3m (+229%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vernella Transitional Home sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Center for Independent Living of Broward Inc ($3.3m), Anacortes Family Center ($3.3m) and Utah Paiute Tribal Housing Authority ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $245k (9.1% of expenses). Other salaries and wages came to $991k. At year end it held assets of $614k against liabilities of $0, net assets of $614k. It reported 37 employees.