Farmville United Methodist Housing Corporation

Analysis

Farmville United Methodist Housing Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2002, 24 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 September 2023, Farmville United Methodist Housing Corporation reported income of $158k and spending of $189k, spending 120% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $120k to $158k (+31%), an average of +7.1% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Farmville United Methodist Housing Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Sylvan Place ($158k), Virginia Crest Village Inc ($158k) and Open Arms Care Foundation ($157k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $34k. At year end it held assets of $965k against liabilities of $1.7m, net assets of -$706k.

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.