Vital Healthcare Capital

Analysis

Vital Healthcare Capital is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Vital Healthcare Capital reported income of $3.6m and spending of $1.5m, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $686k to $3.6m (+418%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vital Healthcare Capital 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 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Henderson County Free Medical Clinic Inc ($3.6m), Myasthenia Gravis Foundation of America Inc ($3.6m) and Hillcrest Dental Care Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $417k (27% of expenses). Other salaries and wages came to $303k. At year end it held assets of $34.0m against liabilities of $14.1m, net assets of $20.0m. It reported 9 employees.