Variety Club Charity for Children Inc

Analysis

Variety Club Charity for Children Inc is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 September 2023, Variety Club Charity for Children Inc reported income of $4.5m and spending of $4.7m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.8m to $4.5m (+61%), an average of +13% a year. The sharpest change came in the year to September 2023, when income rose by 138%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Variety Club Charity for Children Inc 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 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Brown Memorial Home Inc ($4.5m), Hudson School ($4.5m) and Kaleo Foundation ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $59k. At year end it held assets of $5.9m against liabilities of $93k, net assets of $5.8m. It reported 2 employees.