Envision Communities Inc

Analysis

Envision Communities Inc is a registered charity in United States, based in Ham Lake, MN. It received its IRS tax-exemption ruling in August 2022, 4 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, Envision Communities Inc reported income of $435k and spending of $158k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $435k (+321%), an average of +321% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Envision Communities Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Nelson Luquer Housing Development Fund Corporation ($435k), Orchard Communities Inc ($435k) and Harmony Village Senior Nonprofit Housing Corporation ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (8.0% of expenses). Other salaries and wages came to $1,162. It paid $26k in professional fundraising fees. At year end it held assets of $769k against liabilities of $55k, net assets of $714k. It reported 3 employees.