Navigator Homes of Marthas Vineyard Inc

Analysis

Navigator Homes of Marthas Vineyard Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, Navigator Homes of Marthas Vineyard Inc reported income of $9.1m and spending of $7.4m, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.9m to $9.1m (+214%), an average of +214% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Navigator Homes of Marthas Vineyard Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include The Arc Gateway Inc ($9.1m), United Spinal Association Inc ($9.1m) and Filene Research Institute Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $5.5m against liabilities of $3.1m, net assets of $2.4m. It reported 50 employees.