Programa Velasco

Analysis

Programa Velasco is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Programa Velasco reported income of $318k and spending of $303k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $239k to $318k (+33%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 127%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Programa Velasco sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Hope Water International ($318k), Equitarian Initiative ($318k) and Childhope Network ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $90k. At year end it held assets of $403k against liabilities of $7,679, net assets of $396k.