Mount Vernon Manor Annex

Analysis

Mount Vernon Manor Annex is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mount Vernon Manor Annex reported income of $203k and spending of $197k, spending 97% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $151k to $203k (+35%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mount Vernon Manor Annex sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Boulder Presbyterian Housing Inc ($203k), RVM Roseburg II Housing Corporation ($203k) and N B C-U S a Incorporated ($203k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. At year end it held assets of $2.8m against liabilities of $276k, net assets of $2.6m.