Spotsylvania United Methodist Housing Corporation

Analysis

Spotsylvania United Methodist Housing Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 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 December 2023, Spotsylvania United Methodist Housing Corporation reported income of $318k and spending of $346k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $318k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2020, when income rose by 18%. 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, Spotsylvania United Methodist Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Golden Acres Inc ($318k), Peninsula Housing Development Inc Xviii ($318k) and Union Plaza Senior Housing Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $69k. At year end it held assets of $1.0m against liabilities of $2.3m, net assets of -$1.2m.

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.