Volunteer Residences Two Inc

Analysis

Volunteer Residences Two Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in April 1988, 38 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 September 2023, Volunteer Residences Two Inc reported income of $785k and spending of $781k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $785k to $785k (+0.0%), an average of +0.0% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteer Residences Two Inc sits at the 67th percentile: it is larger than about 67% 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 Halls Ferry Manor Inc ($784k), Northern Lights Housing Corp ($785k) and Skid Row Development Corp ($784k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $2.3m against liabilities of $3.3m, net assets of -$1.0m.