Vestas Hearth Inc

Analysis

Vestas Hearth Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in July 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vestas Hearth Inc reported income of $183k and spending of $182k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $183k (+16%), an average of +3.8% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vestas Hearth Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Cranberry Non-Profit Housing Corporation ($183k), Epworth Manor United Methodist Housing Corporation ($183k) and Asi Chandler Inc ($182k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $9,034. At year end it held assets of $1.0m against liabilities of $1.9m, net assets of -$827k.