Vera Institute of Justice Inc

Analysis

Vera Institute of Justice Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1962, 64 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Vera Institute of Justice Inc reported income of $263.2m and spending of $262.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $137.5m to $263.2m (+91%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Vera Institute of Justice Inc 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 100th percentile within NY. Charities of a similar size with the same main cause include Justice Resource Institute Inc ($239.9m), Caring People Alliance ($312.6m) and American Civil Liberties Union Foundation Inc ($185.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.3m (0.9% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $256.3m against liabilities of $128.2m, net assets of $128.1m. It reported 471 employees.