Vernon Carey Foundation Inc

Analysis

Vernon Carey Foundation Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Vernon Carey Foundation Inc reported income of $182k and spending of $157k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $182k (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Vernon Carey Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Tillies Touch ($182k), Benevolent Hearts ($182k) and Art Buddies ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $229k against liabilities of $0, net assets of $229k.