Vita Education Services Inc

Analysis

Vita Education Services Inc is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in July 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Vita Education Services Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.4m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vita Education Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Mother Nurture Company ($1.4m), Rowan County Crosby Scholars Community Partnership ($1.4m) and California State University Bakersfield Student-Centered Enter ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $87k (6.1% of expenses). Other salaries and wages came to $809k. At year end it held assets of $614k against liabilities of $110k, net assets of $504k. It reported 52 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.