Volunteer Housing Development Corporation Inc

Analysis

Volunteer Housing Development Corporation Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 March 2024, Volunteer Housing Development Corporation Inc reported income of $760k and spending of $913k, spending 120% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $897k to $760k (-15%), an average of -4.1% a year. The sharpest change came in the year to March 2023, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer Housing Development Corporation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Douglas County Fair Foundation Inc ($760k), Wisconsin Parkinson Association Inc ($760k) and Alliance Fire and Rescue Services Inc ($760k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $6.5m against liabilities of $5.7m, net assets of $828k.