Vashon Alliance to Reduce Substance Abuse -Varsa

Analysis

Vashon Alliance to Reduce Substance Abuse -Varsa is a registered charity in United States, based in Vashon Island, WA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Vashon Alliance to Reduce Substance Abuse -Varsa reported income of $266k and spending of $260k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $266k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vashon Alliance to Reduce Substance Abuse -Varsa sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Coastal Sediments Conferences Inc ($266k), Friends of the Berkeley Public Library Inc ($266k) and Girls First ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (30% of expenses). Other salaries and wages came to $71k. At year end it held assets of $75k against liabilities of $19k, net assets of $57k. It reported 6 employees.