Portsmouth Volunteers for the Homeless Inc

Analysis

Portsmouth Volunteers for the Homeless Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, Portsmouth Volunteers for the Homeless Inc reported income of $429k and spending of $397k, spending 93% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $147k to $429k (+192%), an average of +31% a year. The sharpest change came in the year to September 2021, when income rose by 136%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Portsmouth Volunteers for the Homeless Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Perry County Senior Citizens Service Center Incorporated ($429k), Silicon Valley Bicycle Exchange ($429k) and Corning Comfort Care Inc ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (18% of expenses). Other salaries and wages came to $113k. At year end it held assets of $403k against liabilities of $4,797, net assets of $398k. It reported 8 employees.