Vesta Charles Inc

Analysis

Vesta Charles 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 (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, Vesta Charles Inc reported income of $86k and spending of $73k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $86k to $86k (-0.3%), an average of -0.1% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Charles Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Alternative Homes 2004 Inc ($86k), Friendship Living Bryant Inc ($86k) and Choose Aftercare ($86k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $3,872. At year end it held assets of $866k against liabilities of $963k, net assets of -$97k.