Vail Place Inc

Analysis

Vail Place Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in May 1983, 43 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Vail Place Inc reported income of $6.4m and spending of $7.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $6.4m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vail Place 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 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Ronald McDonald House Charities Greater Houston Inc ($6.4m), Transitions N F P ($6.4m) and North Shore-Lij Medical Group at Syosset PC ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $185k (2.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $3.4m against liabilities of $2.0m, net assets of $1.4m. It reported 114 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.