Digital Vibez Inc

Analysis

Digital Vibez Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Digital Vibez Inc reported income of $1.2m and spending of $1.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to September 2023, income grew from $565k to $1.2m (+118%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 126%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Digital Vibez Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Bulloch County ($1.2m), Girls Incorporated of the Greater Capital Region ($1.2m) and Maurice Lucas Foundation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $99k (9.5% of expenses). Other salaries and wages came to $268k. It paid $6,447 in professional fundraising fees. At year end it held assets of $701k against liabilities of $258k, net assets of $444k. It reported 10 employees.