Virginia Crest Village Inc

Analysis

Virginia Crest Village Inc is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in October 1996, 30 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, Virginia Crest Village Inc reported income of $158k and spending of $209k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $174k to $158k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Virginia Crest Village Inc 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 43rd percentile within DE. Charities of a similar size with the same main cause include Farmville United Methodist Housing Corporation ($158k), Stansbury Homes Inc ($158k) and Sylvan Place ($158k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.1m against liabilities of $2.0m, net assets of -$968k.

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.