Volunteer Housing Management Corporation Inc

Analysis

Volunteer Housing Management Corporation Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Volunteer Housing Management Corporation Inc reported income of $102k and spending of $179k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $102k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 893%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Volunteer Housing Management Corporation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Dr Tom Richards Center Inc ($102k), LH Homes III Inc ($102k) and Centre County Housing and Landtrust ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $952k, net assets of $525k.