Vesta Four Inc

Analysis

Vesta Four Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 1997, 29 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, Vesta Four Inc reported income of $90k and spending of $88k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $61k to $90k (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 80%. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Four Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include Woodside Village Inc ($90k), Hope Haven Transitional Housing Inc ($90k) and Betsy Ann Ross House of Hope ($90k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $5,227. At year end it held assets of $619k against liabilities of $1.0m, net assets of -$392k.