Vinfen Corporation of Plain Inc

Analysis

Vinfen Corporation of Plain Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 2003, 23 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 June 2023, Vinfen Corporation of Plain Inc reported income of $52k and spending of $69k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $52k to $52k (+0.0%), an average of +0.0% a year. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vinfen Corporation of Plain Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Guardian Institute ($52k), Eric C Savader Memorial Disabilities Fund ($52k) and Healthy Organizations and People Inc ($52k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $466k against liabilities of $833k, net assets of -$367k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.