Veggielution

Analysis

Veggielution is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 March 2023, Veggielution reported income of $3.4m and spending of $3.2m, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $197k to $3.4m (+1605%), an average of +103% a year. The sharpest change came in the year to March 2021, when income rose by 998%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Veggielution sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Choice Unlimited ($3.4m), Forward Community Investments Inc ($3.4m) and The Spero Project Inc ($3.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $121k (3.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.1m against liabilities of $225k, net assets of $3.8m. It reported 26 employees.