Veterans Villages Inc

Analysis

Veterans Villages Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2021, 5 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 (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, Veterans Villages Inc reported income of $366k and spending of $691k, spending 189% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.4m to $366k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 76%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Veterans Villages Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Housing Ministries of American Baptists in Wisconsin Corporation ($366k), Fair Housing Continuum Inc ($366k) and Resilient Place ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $100k. At year end it held assets of $6.8m against liabilities of $5.7m, net assets of $1.1m. It reported 1 employees.