Vip & Associates

Analysis

Vip & Associates is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vip & Associates reported income of $773k and spending of $773k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $879k to $773k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vip & Associates sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Womens Non-Profit Alliance ($773k), Greater Lakes Region Charitable Fund for Children Inc ($773k) and New Horizons Learning Center Inc ($773k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). At year end it held assets of $291k against liabilities of $229k, net assets of $62k. It reported 1 employees.