Virginia Housing Alliance

Analysis

Virginia Housing Alliance is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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 December 2023, Virginia Housing Alliance reported income of $888k and spending of $834k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $626k to $888k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Housing Alliance sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Hudson Soccer Association Inc ($888k), Honor Flight Northeast Indiana Inc ($888k) and American Friends of Yeshiva Meah Shearim Inc ($888k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 118% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $105k (13% of expenses). Other salaries and wages came to $327k. At year end it held assets of $970k against liabilities of $399k, net assets of $570k. It reported 11 employees.