Vinfen Corporation of Larchmont Inc

Analysis

Vinfen Corporation of Larchmont Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 of Larchmont Inc reported income of $95k and spending of $106k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $78k to $95k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vinfen Corporation of Larchmont Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Nancy B Buck Charitable Supporting Foundation Trust 07 06 94 ($94k), Los Angeles Charitable Association Incorporated ($95k) and Yagas Childrens Fund ($94k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $595k against liabilities of $971k, net assets of -$376k.