VB Home Now Inc

Analysis

VB Home Now Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, VB Home Now Inc reported income of $115k and spending of $206k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $166k to $115k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, VB Home Now Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include New Life Centers ($115k), Bethel-St Clair Meals on Wheels ($115k) and Esther Saint Jean Foundation ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $612k against liabilities of $0, net assets of $612k.