Vassar-Warner Home

Analysis

Vassar-Warner Home is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in May 1975, 51 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, Vassar-Warner Home reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.5m (+27%), an average of +6.1% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vassar-Warner Home sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Serve Inc ($2.5m), Epic Enterprises Incorporated ($2.6m) and Camp Woods Young Mens Christian Association ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $125k (4.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $651k, net assets of $666k. It reported 50 employees.