VZCM Inc

Analysis

VZCM Inc is a registered charity in United States, based in Canton, TX. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, VZCM Inc reported income of $110k and spending of $70k, leaving 36% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $68k to $110k (+61%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, VZCM Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Elliot Park Neighborhood Inc ($110k), Tennesseans for the Arts Inc ($110k) and Society for Preservation & Encourmt of Barbershop Quartet Singing Amer ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $440k against liabilities of $182k, net assets of $258k.