Vernon Street Housing Inc

Analysis

Vernon Street Housing Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, Vernon Street Housing Inc reported income of $170k and spending of $266k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $143k to $170k (+19%), an average of +4.5% a year. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Vernon Street Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Jackson Free Clinic for the Homeless ($170k), Edgewood Village Nonprofit Housing Corporation ($170k) and Grace Commons Inc ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 36% of the total. Other salaries and wages came to $36k. At year end it held assets of $968k against liabilities of $1.8m, net assets of -$793k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.