Vbems Inc

Analysis

Vbems Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in December 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vbems Inc reported income of $6.9m and spending of $6.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $6.9m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vbems Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Nevada Rural Hospital Project Foundation Inc ($6.9m), Amite County Medical Services Inc ($6.9m) and Baton Rouge Speech and Hearing Foundation Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $8.1m against liabilities of $384k, net assets of $7.7m. It reported 79 employees.