Dedham Visionary Access Corporation

Analysis

Dedham Visionary Access Corporation is a registered charity in United States, based in Dedham, MA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Dedham Visionary Access Corporation reported income of $520k and spending of $531k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $520k (-66%), an average of -23% a year. The sharpest change came in the year to June 2020, when income dropped by 63%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dedham Visionary Access Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Lutheran Homes Foundation ($520k), Acequia Institute ($520k) and Chicago Volunteer Doulas Inc ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $134k (25% of expenses). Other salaries and wages came to $98k. At year end it held assets of $2.2m against liabilities of $296k, net assets of $1.9m. It reported 3 employees.