Envision Industries Inc

Analysis

Envision Industries Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 1952, 74 years ago. 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 June 2023, Envision Industries Inc reported income of $18.4m and spending of $17.0m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.1m to $18.4m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Envision Industries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KS. Charities of a similar size with the same main cause include Drew School ($18.3m), Dallas Methodist Hospitals Foundation Inc ($18.4m) and Luther Burbank Memorial Foundation ($18.3m).

Compensation of current officers, directors and key employees was $215k (1.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $48.5m against liabilities of $7.9m, net assets of $40.6m. It reported 163 employees.