Vital Strategies Inc

Analysis

Vital Strategies Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Vital Strategies Inc reported income of $69.5m and spending of $110.2m, spending 159% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $80.9m to $69.5m (-14%), an average of -3.0% a year. The sharpest change came in the year to December 2019, when income rose by 172%. Over the whole period it spent 107% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Vital Strategies Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Escuela Agricola Panamericana ($69.5m), International Rice Research Institute ($70.0m) and The American College of Greece ($69.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.1m (1.9% of expenses). Other salaries and wages came to $23.1m. At year end it held assets of $96.1m against liabilities of $28.2m, net assets of $67.8m. It reported 201 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.