VSC Inc

Analysis

VSC Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1969, 57 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, VSC Inc reported income of $734k and spending of $809k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $807k to $734k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, VSC Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Chamberlain House Inc ($734k), Seniors United for Nutrition Program Inc ($734k) and Cornerstone Center for the Arts Inc ($734k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 90% of the total. At year end it held assets of $4.6m against liabilities of $202k, net assets of $4.4m.