Vernon Woods Retirement Community H CSR

Analysis

Vernon Woods Retirement Community H CSR is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in March 2002, 24 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, Vernon Woods Retirement Community H CSR reported income of $4.2m and spending of $4.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $4.2m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vernon Woods Retirement Community H CSR sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Caleb Foundation Inc ($4.2m), The Caleb Group Inc ($4.2m) and The Lamb Foundation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.9m against liabilities of $519k, net assets of $5.4m.