Vesta Germantown Inc

Analysis

Vesta Germantown Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 2012, 14 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 Germantown Inc reported income of $64k and spending of $99k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $60k to $64k (+5.7%), an average of +1.4% a year. 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, Vesta Germantown Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include Galilee Community Development Corporation ($64k), Mens Sober House of Lufkin Inc ($64k) and Alliance for Unitive Justice ($64k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $4,356. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$145k.

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.