Versiti Inc

Analysis

Versiti Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Versiti Inc reported income of $30.8m and spending of $31.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.9m to $30.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Versiti Inc 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 98th percentile, and in the 98th percentile within WI. Charities of a similar size with the same main cause include Sierra Medical Services Alliance ($30.8m), Fairview Physician Associates Network ($30.8m) and TLCS Inc ($30.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $35.6m against liabilities of $35.2m, net assets of $350k. It reported 10 employees.