Vision Communities Inc

Analysis

Vision Communities Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2003, 23 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, Vision Communities Inc reported income of $1.9m and spending of $2.5m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $1.9m (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vision Communities Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include Missoula Manor Homes ($1.9m), Universal Housing Development Corp ($1.9m) and CHP Kimberly Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. At year end it held assets of $11.7m against liabilities of $8.9m, net assets of $2.7m.