Vital Link Education-Business Consortium

Analysis

Vital Link Education-Business Consortium is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in November 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Vital Link Education-Business Consortium reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $998k to $1.1m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to September 2023, when income rose by 70%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Vital Link Education-Business Consortium sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Breakthrough Cincinnati Inc ($1.1m), Newbo City Market ($1.1m) and Waverly Community House Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $125k (11% of expenses). Other salaries and wages came to $508k. At year end it held assets of $896k against liabilities of $1.2m, net assets of -$348k. It reported 12 employees.