VMSN Inc

Analysis

VMSN Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, VMSN Inc reported income of $4.0m and spending of $4.5m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.0m (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 72%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, VMSN Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Faces and Voices of Recovery ($4.0m), Healthcare Foundation of Wilson ($4.0m) and Incline Village Community Hospital Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (2.1% of expenses). Other salaries and wages came to $1.5m. It paid $33k in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $190k, net assets of $4.0m. It reported 47 employees.