Verland

Analysis

Verland is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Verland reported income of $5.3m and spending of $5.8m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.3m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Verland sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include John H Shook Foundation ($5.3m), Scholarship Granting Organization of Catholic Community Foundation ($5.3m) and Lawrence Economic Development Corporation ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $595k (10% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.2m against liabilities of $3.2m, net assets of -$1.9m. It reported 97 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.