Vernon Avenue Project Inc

Analysis

Vernon Avenue Project Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 (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, Vernon Avenue Project Inc reported income of $729k and spending of $914k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $729k (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Vernon Avenue Project Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Encouraging Leaders ($729k), Miami Police Athletic League Inc ($729k) and Martin Luther King Youth Center Inc ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. Other salaries and wages came to $691k. At year end it held assets of $300k against liabilities of $20k, net assets of $280k. It reported 46 employees.