Vision Atlantic Inc

Analysis

Vision Atlantic Inc is a registered charity in United States, based in Atlantic, IA. It received its IRS tax-exemption ruling in January 2023, 3 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, Vision Atlantic Inc reported income of $2.1m and spending of $17k, leaving 99% of income unspent that year. Over the whole period it spent 0.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vision Atlantic Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Barb City Manor Inc ($2.0m), Pilot Cove Manor Housing Development Company Inc ($2.1m) and Village Apartments of Cherry Hill NJ Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $12k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.