Virginia United Methodist Homes Inc

Analysis

Virginia United Methodist Homes Inc is a registered charity in United States, based in Glen Allen, VA. It received its IRS tax-exemption ruling in December 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Virginia United Methodist Homes Inc reported income of $72.3m and spending of $66.9m, spending 92% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $68.3m to $72.3m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to May 2023, when income rose by 34%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Virginia United Methodist Homes Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Hospice of Michigan Inc ($72.2m), Turning Point Community Programs ($72.7m) and Mid-South Food Bank ($71.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 1.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $2.8m (4.2% of expenses). Other salaries and wages came to $28.3m. At year end it held assets of $264.7m against liabilities of $196.6m, net assets of $68.1m. It reported 882 employees.