VHS Inc

Analysis

VHS Inc is a registered charity in United States, based in Maynard, MA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, VHS Inc reported income of $6.7m and spending of $6.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.6m to $6.7m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, VHS Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Terra Academy Inc ($6.7m), Fayetteville Academy ($6.7m) and Challenge to Excellence Charter School ($6.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $356k (5.3% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $2.1m against liabilities of $635k, net assets of $1.4m. It reported 43 employees.