VGS Inc

Analysis

VGS Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, VGS Inc reported income of $4.1m and spending of $1.7m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $4.1m (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, VGS Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include YMCA of Greater Westfield Inc ($4.1m), Xyz Cacfp Incorporation ($4.1m) and Visions and Pathways a NJ Nonprofit Corporation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. Other salaries and wages came to $498k. At year end it held assets of $22.5m against liabilities of $373k, net assets of $22.2m. It reported 207 employees.