New Vision Residential Services Inc

Analysis

New Vision Residential Services Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Vision Residential Services Inc reported income of $117k and spending of $185k, spending 157% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $112k to $117k (+4.9%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Vision Residential Services Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within KY. Charities of a similar size with the same main cause include Ric Shelby Apartments Inc ($117k), Liberty Hill Apartments Inc ($117k) and 17 Lincoln Street ($117k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $691k against liabilities of $91k, net assets of $600k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.