Vesta Housing Inc

Analysis

Vesta Housing Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Vesta Housing Inc reported income of $197k and spending of $176k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $153k to $197k (+28%), an average of +6.5% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Housing Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Apartments at Saint Elizabeth ($197k), She-Cef 1 Inc ($197k) and Working in Senior Housing of South Cumminsville ($197k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $9,034. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$452k.