Vera House Inc

Analysis

Vera House Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, Vera House Inc reported income of $1.3m and spending of $1.6m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $1.3m (-73%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vera House Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Another Way Inc ($1.3m), Southern Association of College and University Business Officers Inc ($1.3m) and Visual Armenia Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 18% of the total. Other salaries and wages came to $14k. At year end it held assets of $4.3m against liabilities of $1.1m, net assets of $3.2m. It reported 124 employees.