Vip Services Inc

Analysis

Vip Services Inc is a registered charity in United States, based in Elkhorn, WI. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 December 2023, Vip Services Inc reported income of $6.9m and spending of $7.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $6.9m (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vip Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Public Art Fund Inc ($6.9m), St Jeanne de Lestonnac Free Clinic ($6.9m) and Flathead Valley Community College Foundation Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $428k (6.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $5.6m against liabilities of $336k, net assets of $5.3m. It reported 227 employees.