Vepp Inc

Analysis

Vepp Inc is a registered charity in United States, based in Manchestr Ctr, VT. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vepp Inc reported income of $573k and spending of $504k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $473k to $573k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vepp Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within VT. Charities of a similar size with the same main cause include Family Crisis Services Inc ($573k), Amigos Internacionales Corporation ($573k) and Olympus Aquatics ($573k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $199k (39% of expenses). Other salaries and wages came to $119k. At year end it held assets of $5.8m against liabilities of $5.6m, net assets of $219k. It reported 3 employees.