Vincents Homes Inc

Analysis

Vincents Homes Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Vincents Homes Inc reported income of $621k and spending of $407k, leaving 34% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $621k (-42%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vincents Homes Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Telacu Housing El Monte II Inc ($621k), Ahepa One Inc ($621k) and Plaza View II Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.4m.