Vicksburg Housing Management and Development

Analysis

Vicksburg Housing Management and Development is a registered charity in United States, based in Vicksburg, MS. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Vicksburg Housing Management and Development reported income of $423k and spending of $236k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to December 2023, income grew from $313k to $423k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 450%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vicksburg Housing Management and Development sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within MS. Charities of a similar size with the same main cause include Stoney Pine Charities Housing Corporation ($423k), Cushing Housing Inc ($423k) and CCDC Legacy Foundation ($422k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $30k. At year end it held assets of $3.0m against liabilities of $94k, net assets of $2.9m.