American Vegan Society

Analysis

American Vegan Society is a registered charity in United States, based in Malaga, NJ. It received its IRS tax-exemption ruling in August 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Vegan Society reported income of $259k and spending of $293k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $290k to $259k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Vegan Society 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 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Vesper Volunteer Fire Department Inc ($259k), West Roxbury Community High Center Council Inc ($259k) and Boston Seamans Friend Society Inc Seamans House ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $51k (17% of expenses). Other salaries and wages came to $85k. At year end it held assets of $621k against liabilities of $0, net assets of $621k. It reported 16 employees.