Eastern Shore of Virginia Housing Alliance

Analysis

Eastern Shore of Virginia Housing Alliance is a registered charity in United States, based in Accomac, VA. It received its IRS tax-exemption ruling in October 1981, 45 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, Eastern Shore of Virginia Housing Alliance reported income of $768k and spending of $901k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $768k (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 50%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eastern Shore of Virginia Housing Alliance sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Saving Mercy Corporation ($768k), My Brothers Keeper ($769k) and Luther Towers of Dover Inc ($767k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1,050 (0.1% of expenses). Other salaries and wages came to $27k. At year end it held assets of $4.4m against liabilities of $3.2m, net assets of $1.3m.

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.