Usvets Housing Corporation

Analysis

Usvets Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Usvets Housing Corporation reported income of $72.8m and spending of $3.4m, leaving 95% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.9m to $72.8m (+3749%), an average of +520% a year. The sharpest change came in the year to June 2022, when income rose by 708%. Over the whole period it spent 4.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Usvets Housing Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Stella Maris Inc ($72.8m), Ludwig Institute for Cancer Research ($72.9m) and General Conference of Seventh Day Adventist ($72.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $92.7m against liabilities of $3.5m, net assets of $89.2m.