V5 Initiative Inc

Analysis

V5 Initiative Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1993, 33 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 August 2023, V5 Initiative Inc reported income of $421k and spending of $322k, leaving 23% of income unspent that year. Across the 3 years on record, from August 2021 to August 2023, income grew from $259k to $421k (+63%), an average of +28% a year. The sharpest change came in the year to August 2022, when income rose by 47%. 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, V5 Initiative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Male Mogul Initiative in NFP ($421k), Cfpo Pal Inc ($422k) and United Jewish Childrens Fund ($421k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $283k against liabilities of $57k, net assets of $226k.