Vehicles for Change Inc

Analysis

Vehicles for Change Inc is a registered charity in United States, based in Glen Burnie, MD. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Vehicles for Change Inc reported income of $5.4m and spending of $4.6m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vehicles for Change Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Rescue Mission of Salt Lake Inc ($5.4m), Greenacre Homes Inc ($5.4m) and Mid-Coast Family Services ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $162k (3.5% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.4m against liabilities of $2.5m, net assets of $2.9m. It reported 35 employees.