Vetbiz Central

Analysis

Vetbiz Central is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in May 2007, 19 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 September 2023, Vetbiz Central reported income of $252k and spending of $318k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $255k to $252k (-1.5%), an average of -0.4% a year. The sharpest change came in the year to September 2022, when income dropped by 39%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vetbiz Central sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Expecting Relief ($252k), Girls Shelter of Fort Smith Ark Inc ($252k) and Catholic Charities Foundation of the Archdiocese of Milwaukee Inc ($252k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (20% of expenses). Other salaries and wages came to $145k. At year end it held assets of $4,483 against liabilities of $5,880, net assets of -$1,397. It reported 5 employees.