Columbia Vantage House Corporation

Analysis

Columbia Vantage House Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Columbia Vantage House Corporation reported income of $18.2m and spending of $19.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $18.2m (+17%), an average of +3.9% a year. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Columbia Vantage House Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Restoration Bridge International Inc ($18.2m), Society of Saint Vincent de Paul Council of Los Angeles ($18.2m) and Urban Strategies Inc ($18.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $135k (0.7% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $55.2m against liabilities of $110.1m, net assets of -$54.9m. It reported 234 employees.

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.