Unified Vailsburg Services

Analysis

Unified Vailsburg Services is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 1973, 53 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 June 2023, Unified Vailsburg Services reported income of $8.7m and spending of $9.6m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.4m to $8.7m (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unified Vailsburg Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include A Better Chicago ($8.7m), Independent Living Center of the Hudson Valley Inc ($8.7m) and Council on Social Work Education Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $243k (2.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.4m against liabilities of $7.0m, net assets of $3.4m. It reported 144 employees.