Variety the Childrens Charity

Analysis

Variety the Childrens Charity is a registered charity in United States, based in Wexford, PA. It received its IRS tax-exemption ruling in February 1963, 63 years ago. 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, Variety the Childrens Charity reported income of $2.2m and spending of $1.7m, leaving 22% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.2m (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Variety the Childrens Charity sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Church of Bible Understanding ($2.2m), Norman C Sleezer Youth Home ($2.2m) and Historic Homes of Runnemede Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $144k (8.3% of expenses). Other salaries and wages came to $333k. At year end it held assets of $2.0m against liabilities of $91k, net assets of $1.9m. It reported 8 employees.