Vesta Pelden Inc

Analysis

Vesta Pelden Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in September 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vesta Pelden Inc reported income of $99k and spending of $94k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $77k to $99k (+27%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Pelden Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Habit for Humanity International Inc ($98k), Mission I 6 8 ($99k) and Southwest Florida Gwi Housing X Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $5,291. At year end it held assets of $670k against liabilities of $856k, net assets of -$186k.