Vecinos Inc

Analysis

Vecinos Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2023, Vecinos Inc reported income of $1.7m and spending of $1.9m, spending 113% of what it took in. Across the 2 years on record, from March 2020 to March 2023, income grew from $728k to $1.7m (+136%), an average of +136% a year. The sharpest change came in the year to March 2023, when income rose by 136%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Vecinos Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include CCC Eastside Qalicb ($1.7m), Chesapeake General Hospital Healthcare Foundation ($1.7m) and East Central Mental Health & Chemical Dependency Center ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Other salaries and wages came to $840k. At year end it held assets of $3.1m against liabilities of $1.7m, net assets of $1.4m. It reported 42 employees.