A Very Special Place Inc

Analysis

A Very Special Place Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, A Very Special Place Inc reported income of $36.8m and spending of $36.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.8m to $36.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Very Special Place Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include National Elevator Industry Educational Program ($36.7m), Bernalillo Coutny Health Care Corp ($36.8m) and Mid-American Athletic Conference ($36.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $288k (0.8% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $21.3m against liabilities of $11.9m, net assets of $9.3m. It reported 1,000 employees.