Vincentian Housing Corporation Inc

Analysis

Vincentian Housing Corporation Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 2017, 9 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 September 2023, Vincentian Housing Corporation Inc reported income of $1.2m and spending of $102k, leaving 91% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $449k to $1.2m (+158%), an average of +37% a year. The sharpest change came in the year to September 2023, when income rose by 376%. Over the whole period it spent 12% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vincentian Housing Corporation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Rosslyn Ridge Development Corporation ($1.2m), United Odd Fellows Housing Development Fund Company ($1.2m) and Jewish Senior Housing of Akron ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 7.3% of the total. Other salaries and wages came to $13k. At year end it held assets of $4.7m against liabilities of $54k, net assets of $4.6m.