Vista Life Innovations Inc

Analysis

Vista Life Innovations Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in March 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Vista Life Innovations Inc reported income of $12.8m and spending of $11.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.2m to $12.8m (+26%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vista Life Innovations Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Prairie Five Community Action Council Inc ($12.8m), Pathway School ($12.8m) and Big Brothers Big Sisters of Massachusetts Bay Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $337k (3.1% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $23.3m against liabilities of $5.8m, net assets of $17.4m. It reported 232 employees.