Van Sciver Corporation

Analysis

Van Sciver Corporation is a registered charity in United States, based in Dumont, NJ. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Van Sciver Corporation reported income of $201k and spending of $305k, spending 152% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $211k to $201k (-5.1%), an average of -1.7% a year. Over the whole period it spent 156% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Van Sciver Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Detroit East Medical Control Authority ($201k), Ohio Lions Eye Research Foundation ($201k) and Blue Ridge Emergency Medical Services Council Inc ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $11k (3.7% of expenses). At year end it held assets of $2.2m against liabilities of $3.2m, net assets of -$1.0m.

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.