Vision Ed Inc

Analysis

Vision Ed Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 January 2024, Vision Ed Inc reported income of $1.6m and spending of $1.5m, spending 98% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $1.1m to $1.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to January 2022, when income rose by 72%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vision Ed Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include How to Build Up Inc ($1.6m), Nehemiah Community Development Corporation ($1.6m) and Richmond Community-Owned Development Enterprise ($1.6m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (6.2% of expenses). Other salaries and wages came to $433k. At year end it held assets of $565k against liabilities of $528k, net assets of $37k. It reported 42 employees.