Vinfen Corporation

Analysis

Vinfen Corporation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Vinfen Corporation reported income of $229.7m and spending of $223.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $168.2m to $229.7m (+37%), an average of +8.1% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vinfen Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Mers Missouri Goodwill Industries ($224.4m), The New York Foundling ($230.3m) and Christian Appalachian Project Inc ($224.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.0m (0.9% of expenses). Other salaries and wages came to $131.1m. At year end it held assets of $178.6m against liabilities of $108.5m, net assets of $70.1m. It reported 3,288 employees.