Vegfest Inc

Analysis

Vegfest Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Vegfest Inc reported income of $61k and spending of $47k, leaving 22% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income fell from $81k to $61k (-24%), an average of -24% a year. The sharpest change came in the year to January 2024, when income dropped by 24%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vegfest Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Inshuti International Inc ($61k), World International Resources Inc ($61k) and 2gether We Live Inc ($61k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 24% and program service revenue 60% of the total. At year end it held assets of $87k against liabilities of $325, net assets of $86k.