Vasca Inc

Analysis

Vasca Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1964, 62 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 October 2023, Vasca Inc reported income of $79k and spending of $66k, spending 84% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $83k to $79k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to October 2020, when income dropped by 48%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vasca Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Winfield Arts & Humanities Council Inc ($79k), Society of American Military Engineers ($79k) and Parent Booster USA Inc ($79k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $488k against liabilities of $2,575, net assets of $485k.