Volunteers Serving the Need

Analysis

Volunteers Serving the Need is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Volunteers Serving the Need reported income of $279k and spending of $303k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $255k to $279k (+9.3%), an average of +3.0% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers Serving the Need sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Beyond Survival ($279k), Mosaic Center ($279k) and Briggs & Barrett Project ($279k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $83k (27% of expenses). Other salaries and wages came to $36k. At year end it held assets of $334k against liabilities of $4,361, net assets of $330k. It reported 4 employees.