Vwe Properties Corporation

Analysis

Vwe Properties Corporation is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Vwe Properties Corporation reported income of $2.7m and spending of $1.9m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.7m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vwe Properties Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Kingsway Services Inc ($2.7m), Kadlec Foundation ($2.7m) and Carelink Community Services ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $5.6m against liabilities of $12.8m, net assets of -$7.2m.