Vertex Nonprofit Organization

Analysis

Vertex Nonprofit Organization is a registered charity in United States, based in Price, UT. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Vertex Nonprofit Organization reported income of $1.1m and spending of $1.8m, spending 164% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income fell from $2.0m to $1.1m (-46%), an average of -12% a year. The sharpest change came in the year to June 2020, when income rose by 181%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vertex Nonprofit Organization sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Central Illinois Educational Opportunities Inc ($1.1m), Cologne Academy Building Company ($1.1m) and Iupat District Council 81 Joint Apprenticeship and Training Trust ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $483k. At year end it held assets of $882k against liabilities of $0, net assets of $882k. It reported 2 employees.