Vesta Twelve Inc

Analysis

Vesta Twelve Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in May 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vesta Twelve Inc reported income of $80k and spending of $84k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $59k to $80k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vesta Twelve Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Keys Enabling Your Success Inc ($80k), Southwest Neighborhood Housing Service ($80k) and Cedar Lake Washburn Inc ($80k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $4,301. At year end it held assets of $957k against liabilities of $1.1m, net assets of -$150k.