Variety-The Childrens Charity of the United States Inc

Analysis

Variety-The Childrens Charity of the United States Inc is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 September 2023, Variety-The Childrens Charity of the United States Inc reported income of $568k and spending of $513k, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $599k to $568k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to September 2023, when income rose by 87%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Variety-The Childrens Charity of the United States Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Impact Grants Chicago ($568k), Down Syndrome Alliance of the Midlands ($569k) and Viaquest Foundation ($568k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 156% of the total. Compensation of current officers, directors and key employees was $89k (17% of expenses). At year end it held assets of $763k against liabilities of $486k, net assets of $278k. It reported 1 employees.