Visioncorps

Analysis

Visioncorps is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in May 1943, 83 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Visioncorps reported income of $11.3m and spending of $10.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.7m to $11.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to September 2020, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Visioncorps sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Caringworks Inc ($11.3m), Boys and Girls Home of North Carolina Inc ($11.3m) and Cornerstone Community Action Agency Inc ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $1.6m (15% of expenses). Other salaries and wages came to $5.4m. It paid $42k in professional fundraising fees. At year end it held assets of $42.2m against liabilities of $7.9m, net assets of $34.3m. It reported 190 employees.