New Vision Housing Foundation Inc

Analysis

New Vision Housing Foundation Inc is a registered charity in United States, based in Ocean Ridge, FL. It received its IRS tax-exemption ruling in February 2013, 13 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, New Vision Housing Foundation Inc reported income of $100k and spending of $133k, spending 133% of what it took in. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Vision Housing Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Elk County Housing Options Inc ($100k), Gibb Cairo Village Incorporation ($100k) and Carteret Housing and Development Corporation ($100k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $597k against liabilities of $1.4m, net assets of -$840k.

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.