Cape Girardeau Community Sheltered Workshop Inc D/B/A Vip Industries

Analysis

Cape Girardeau Community Sheltered Workshop Inc D/B/A Vip Industries is a registered charity in United States, based in Cpe Girardeau, MO. It received its IRS tax-exemption ruling in August 1929, 97 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Cape Girardeau Community Sheltered Workshop Inc D/B/A Vip Industries reported income of $4.2m and spending of $3.0m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.4m to $4.2m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape Girardeau Community Sheltered Workshop Inc D/B/A Vip Industries 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 89th percentile within MO. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($4.2m), Work Opportunity Center Inc ($4.2m) and Detroit Regional Partnership Foundation ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 72% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $21.5m against liabilities of $966k, net assets of $20.5m. It reported 148 employees.