Vibrant Futures

Analysis

Vibrant Futures is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vibrant Futures reported income of $5.1m and spending of $4.8m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.3m to $5.1m (+18%), an average of +4.1% a year. The sharpest change came in the year to September 2022, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vibrant Futures sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include FL Developmental Disabilities Council ($5.1m), Childrens Choice Child Care Service Inc ($5.1m) and Interchurch Food Pantry of Johnson County Inc ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $248k (5.2% of expenses). Other salaries and wages came to $481k. At year end it held assets of $1.4m against liabilities of $516k, net assets of $869k. It reported 24 employees.