Vetri Foundation for Children

Analysis

Vetri Foundation for Children is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Vetri Foundation for Children reported income of $2.1m and spending of $2.2m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.5m to $2.1m (-17%), an average of -4.6% a year. The sharpest change came in the year to August 2022, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vetri Foundation for Children sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Pediatric Development Center Inc ($2.1m), Voices of Hope ($2.1m) and People of Color Against AIDS Network ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $144k (6.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.5m against liabilities of $1.0m, net assets of $2.5m. It reported 65 employees.