Vip Community Services Inc

Analysis

Vip Community Services Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1984, 42 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, Vip Community Services Inc reported income of $82.7m and spending of $78.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.3m to $82.7m (+128%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vip Community Services 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 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Paramount Advantage ($82.1m), Bridgewell Incorporated ($82.8m) and Childrens Law Center of California ($82.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.2m (1.6% of expenses). Other salaries and wages came to $22.6m. At year end it held assets of $105.2m against liabilities of $79.0m, net assets of $26.1m. It reported 469 employees.